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

On 27 May 2014, the Competition Commission of Singapore (the “CCS”) announced that it had issued an infringement decision, and imposed total financial penalties amounting to over S$9 million, against four Japanese bearings manufacturers and their Singapore subsidiaries (collectively, the “Parties”) for contravening Section 34 of the Competition Act, Chapter 50B (the “Competition Act”) by engaging in anti-competitive agreements and unlawful exchange of information in respect of the price and sale of ball and roller bearings sold to aftermarket customers in Singapore (the “Infringement Decision”). Ball and roller bearings are machine components that separate moving parts and take up loads. The Infringement Decision follows the issuance by the CCS of a Proposed Infringement Decision against the

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Kirstie Nicholson, The Competition Commission of Singapore issues first infringement decision in relation to an international cartel (CCS / Ball and roller bearings manufacturers), 27 May 2014, e-Competitions May 2014, Art. N° 67463

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