Competition super-agency CNMC has announced a probe into possible uncompetitive practices in the manufacture, installation, supply, maintenance and improvement of electro-mechanical and electronic railroad equipment, over suspected agreements to manipulate and determine the results of contract bids.
The CNMC carried out dawn raids on the 11th, 12th and 13th of July on the headquarters of several companies active in this sector. The raids were widened on the 18th, 19th and 20th of January 2017, with further surprise visits at the headquarters of other market agents.
Investigations involving cartels are one of the CNMC’s priorities, particularly due to the severe consequences these conducts may have on consumers and the correct working of the market. The CNMC has recently adopted various tools to aid it in this effort, including a new leniency program. The CNMC has also launched a campaign to improve the overall procedures for assigning contracts and persecuting irregularities and violations during the bidding process.
Full Content: CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI