Antitrust Law Daily Wrap Up, ANTITRUST NEWS: CADE signs six agreements in cartel investigations, (Feb 12, 2015)
Organizations Mentioned:Expeditors International of Washington, Inc. | Koninklijke Philips Electronics NV
By Jody Coultas, J.D.
Brazil’s Administrative Council for Economic Defense (CADE) approved six Cease and Desist Agreements in cartel investigations on February 11. CADE expects to collect BRL 53.1 million for the Fund for the Defence of Diffused Rights as part of the agreements.
In Administrative Proceedings Nos. 08012.002414/2009-92 and 08012.010338/2009-99, CADE signed four cease and desist agreements as part of an investigation into a cartel in the markets of tubes for colored image for televisions and colored displays for computer monitors. LG Electronics, Inc. and LG Electronics do Brasil Ltda. signed two agreements with CADE in which they commit to collect BRL 17 million as pecuniary contribution. Two other settlements were signed with the companies Koninklijke Philips NV, Philips do Brasil Ltda., LP Displays International BV, LP Displays International Limited, and five individuals.
In Administrative Proceeding No. 08012.001183/2009-08, CADE signed a cease and desist agreement with Ceva Logistics Holding BV, CEVA Logistics Ltd., and another individual in a cartel investigation in the market for the provision of air and sea international transport services from and to Brazil.
In 2014, CADAE signed two other agreements in the same proceedings with Expeditors International of Washington, Inc., Expeditors International do Brasil Ltda. and an individual. The second agreement was signed with Panalpina Ltda., Panalpina World Transport Ltd., and two individuals.
The cartel began to be investigated from the signature of a leniency agreement.
Samsung Semiconductor Inc., Samsung Electronics Co., Ltd. and six individuals agreed to a cease and desist agreement with CADE as part of an international cartel investigation in the market of dynamic random access memory in Administrative Proceeding No. 08012.005255/2010-11.
Last year, CADE signed another agreement in the same proceeding with Infineon AG Techonologies and four individuals who admitted to participating in the collusion and agreed to stop the practice.
News: Antitrust