The Competition Commission of Singapore issues first proposed infringement decision in relation to an international cartel (Ball and roller bearings manufacturers)

Nicholson, Kirstie

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16 Dec 2013

The Competition Commission of Singapore issues first proposed infringement decision in relation to an international cartel (Ball and roller bearings manufacturers)

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Reference

Competition Commission of Singapore, CCS Media Release: CCS issues Proposed Infringement Decision Against Ball and Roller Bearings Manufacturers, Press Release, 16 December 2013

On 16 December 2013, the CCS issued a media release stating that a Proposed Infringement Decision (the “PID”) had been issued against four Japanese bearings manufacturers and their Singapore subsidiaries (the “Parties”) pursuant to the Singapore Competition Act, Chapter 50B (the “Act”). The CCS has provisionally found that both the parent and subsidiary companies had infringed section 34 of the Act (the “Section 34 Prohibition”) by participating in anti-competitive agreements as well as exchanging confidential price-sensitive information in relation to ball and roller bearings sold to customers in Singapore. This is the first time that the CCS has proposed to issue a decision in relation to agreements between multinational companies and in respect of an agreement which has been made outside

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Author

Kirstie Nicholson
BHP Billiton (Singapore)

Singapore 12 contributions 8536 visits

Quotation

Kirstie Nicholson, The Competition Commission of Singapore issues first proposed infringement decision in relation to an international cartel (Ball and roller bearings manufacturers), 16 December 2013, e-Competitions December 2013, Art. N° 65334

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