Gerda, a Polish manufacturer of security doors, was fined PLN 380 thousand ($120,000) for price fixing. According to the UOKiK, the Polish Office of Competition and Consumer Protection, Gerda entered into a prohibited agreement with the distributors of the its products, and obliging its trading partners to adhere strictly to the sales prices it had fixed for particular types of security doors. The Court of Competition and Consumer Protection sustained the decision by the UOKiK. In the decision, the President of UOKiK imposed on the participants a total fine of PLN 1.2 million ($380,000).
Full Content: UOKIK
Related Content: How to Block Cartel Formation and Price Fixing: Using Extraterritorial Application of the Antitrust Laws as a Deterrence Mechanism
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