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Spain: Antitrust authority’s $160M fine overruled

By  |  February 11, 2013

Spain’s antitrust court of appeals has apparently overturned Spain’s Competition Commission $160 million fine on insurance companies for alleged price-fixing. The Commission’s fine was the largest fine issued to date. Analysts are calling this an “exceptional” case as, while the appellate court has overturned the Commission’s decision in the past, this marks the first case in which the Commission’s fine was overturned on grounds of lack of sufficient evidence. The antitrust authority has announced it will bring the matter to Spain’s Supreme Court.

 

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