EU Accuses Shipping Companies of Forming Cartel
Client Alert | less than 1 min read | 04.11.07
On Wednesday April 11, 2007, the European Commission took a step forward in its investigation into shipping companies it claims have formed an anti-competitive cartel in the global carrier industry. The Commission sent statements of objections to the companies which accuses them of bid-rigging, price-fixing and exchanging confidential market information regarding the transportation of bulk liquids by sea. The letter also alleged that they colluded to restrict competition in the EU market. The letter follows a number of raids in February 2003. The companies have two months to respond to the E.C.'s letter and request oral hearings.
Insights
Client Alert | 5 min read | 04.15.24
Making the EU Courts More Efficient for Trade-Related Decisions
On March 19, 2024, the European Council adopted changes to the Statute of the Court of Justice of the European Union in an attempt to improve its efficiency.
Client Alert | 1 min read | 04.15.24
New FAR Part 40 to Address Supply Chain and Information Security Requirements
Client Alert | 1 min read | 04.11.24
U.S. Chamber Submits Comments on the FAR Council’s Proposed Rule Regarding Pay Transparency
Client Alert | 4 min read | 04.10.24
