The Belgian Competition Council issues first fine under the 2006 Competition Act for recommended prices (VEBIC)

The Belgian Competition Council has fined Vebic Euro 29,121 for an infringement of Article 2 of the Belgian Competition Act, the Belgian equivalent of Article 81 EC. The association (whose members are producers and retailers of bakery products) was condemned by the Competition Council for distributing ‘recommended prices' by means of a price index. After the liberalization of bread prices in July 2004, Vebic started to monitor the cost price of bread on the basis of the following components: costs

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Authors

  • Sheppard, Mullin, Richter & Hampton (Brussels)
  • Adyen (Amsterdam)

Quotation

Jacques Derenne, Mariëtte Swart, The Belgian Competition Council issues first fine under the 2006 Competition Act for recommended prices (VEBIC), 25 January 2008, e-Competitions January 2008, Art. N° 15515

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