The Swedish Market Court, the court of last instance in cases brought under the Swedish Competition Act (the “Act”), put an end to the asphalt cartel case, inter alia,increasing the fines for one of the participants, NCC. Collectively, the fines are the highest ever imposed in a Swedish cartel case, totalling approximately 500 million SEK (approximately 46 million Euro) divided between eight companies. Background The background to the case can be traced back to dawn raids undertaken by the Swedish Competition Authority (Konkurrensverket) [1] in October 2001. The dawn raids were prompted by former employees of NCC, informing KKV about an ongoing cartel in the Swedish asphalt sector. In March 2003, KKV lodged an application for a summons with the Stockholm District Court. KKV itself
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The Swedish Market Court ends asphalt cartel case by increasing fines up to € 46 M, reaching the highest ever fine in a cartel case (NCC)
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