The Spanish NCA imposes a 10% turnover fine on the Association of Sherry wine producers for concluding three agreements infringing Article 1 of the Spanish Competition Act and Article 81 of the EC Treaty. The Spanish National Competition Commission (“CNC”) has ruled that the three agreements that the Consejo Regulador de Denominación de Origen de Vinos de Jerez y Manzanilla de Sanlúcar (“Consejo Regulador”) concluded on May 30, 2006, January 30, 2007 and December 4, 2007, establishing sales quotas on the basis of each of the Designation of Origin's wine cellar's (“bodega”) historic sales (the “Agreements”), amount to a restriction of competition between wine cellars and limit the wine cellars' commercial freedom, which cannot be justified on the basis of the need to defend the quality and the
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The Spanish NCA imposes a 10% turnover fine on the association of sherry wine producers for concluding anticompetitive agreements infringing both Art. 81 EC and mirror national provisions (Consejo Regulador de Denominación de Origen de Vinos de Jerez y Manzanilla de Sanlúcar)
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