The Portuguese Competition Authority (Autoridade da Concorrência – AdC) confirmed that it carried out dawn raids in the last few days at the premises of two associations of advertising companies, following suspicions of concerted practices in procurement procedures launched by advertisers.
In the context of this investigation for anticompetitive practices and under the powers provided by the Competition Act, the AdC carried out these dawn raids in the district of Lisbon.
The dawn raids were carried out by case handlers of the AdC, in cooperation with the Department of Criminal Investigation and Police officers.
The AdC ordered the infringement procedure to be subject to secrecy taking into account that the interest behind the investigation would not be duly safeguarded should the procedure be made public.
Full Content: Concorrencia
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI