The Spanish Supreme Court rejects the appeal against the Competition Authority’s interim measures fining € 3 M price fixing in the framework of “non-genuine” agency agreements (Repsol)

On 11 July 2001, the Tribunal de Defensa de la Competencia (hereinafter, “the NCA”) adopted a decision (“resolución”) in which it found that Repsol, S.A. (now Repsol YPF, S.A., hereinafter referred to as “Repsol”) acted in breach of Article 1(1) of the Spanish Competition Act. More precisely, the NCA considered that this undertaking fixed the prices of its products in the framework of “non-genuine” agency agreements concluded with its distributors. As a consequence, the NCA imposed a € 3.005.060,52 fine to the undertaking. Repsol and its subsidiary Repsol Comercial de Productos

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Pablo Ibáñez Colomo, The Spanish Supreme Court rejects the appeal against the Competition Authority’s interim measures fining € 3 M price fixing in the framework of “non-genuine” agency agreements (Repsol), 13 July 2005, e-Competitions July 2005, Art. N° 249

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