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12/3/2009
FCA: Timber decision by Market Court identical to FCA’s proposal |
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The Market Court finds in its decision issued today that during 1997-2004 the forestry companies Metsäliitto Cooperative, Stora Enso Plc and UPM-Kymmene Plc were guilty of forbidden national price cooperation and exchange of information in the purchase of timber.
The Market Court imposed competition infringement fines for conduct violating the Competition Act totalling EUR 51 million: EUR 30 million to Stora Enso and EUR 21 million to Metsäliitto. The size of the fine is the same as in the FCA’s 2006 Market Court proposal.
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9/29/2009
€82.5 million fine for asphalt companies |
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According to the decision issued by the Supreme Administrative Court 29.9.2009, a national asphalt cartel operated in Finland during 1994-2002, and all the biggest actors of the field took part in it. The companies which participated in the cartel were sentenced to pay penalties for a total of €82.55 million.
The Market Court’s 2007 decision was appealed by the FCA and six asphalt companies. The FCA’s appeal to increase the infringement fine was approved almost as such. The appeals made by the asphalt companies were dismissed.
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9/10/2009
Nordic competition authorities published a report on the role of competition policy in the financial crisis |
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– Securing sound and effective economic competition is particularly important in an economic crisis. The previous crises have taught that vigorous competition enforcement and deregulation contribute to a fast economic recovery and ensure that the market structure will develop in a more viable direction in the future.
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9/3/2009
FCA published its evaluation criteria concerning the broadband market |
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The FCA has published a memorandum of the principles it applies when it evaluates price squeeze in the broadband market. The memorandum is expected to help companies offering broadband services in the fixed network, in particular, to evaluate their pricing and other practices from the viewpoint of competition law.
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6/18/2009
FCA's ATM decision makes it easier for new operators to enter the market |
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Nordea Bank Finland Plc, OP-Pohjola Group and Sampo Bank Plc have, following negotiations, given commitments on the pricing of their ATMs to the Finnish Competition Authority. The aforementioned banks own the Automatia Pankkiautomaatit Plc, which has its own Otto ATM network. In the future, the banks undertake to price their customers' Otto ATM withdrawals and the withdrawals made from the ATMs of the new ATM operators with debit cards (Visa Electron, Visa Debit and MasterCard Debit) in a non-discriminatory manner.
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