The Third Civil and Mercantile Court of San Salvador has ordered the seizure of three bank accounts belonging to the company Molinos de El Salvador (MOLSA) for resisting to pay a fine imposed by the Superintendence of Competition.
The sanction imposed by the Superintendence of Competition in 2008 was the result of MOLSA’s agreeing to split the national flour market with another company, a measure described as uncompetitive because it artificially raised the prices of the product nationally between 2002 and 2008.
Given the reluctance of company representatives to answer for the delays, on July 11 the Prosecutor’s Office asked the Third Civil Court to freeze the three bank accounts totalling US $ 2.6 million.
Full Content: El Salvador
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 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