The Spanish Competition Authority fines 22 consulting firms and several of their executives a total of EUR 6.3 million for creating a cartel in a first case where the cartelist’s fine is reduced due to implementing a compliance program (Deloitte / KPMG / PwC)

On 11 May 2021, the Spanish Competition Authority (CNMC) fined 22 consulting firms and several of their executives a total of EUR 6.3 million for creating a cartel in violation of Article 1 of the Spanish Competition Act (LDC) and Article 101 of the Treaty of the Functioning of the European Union (TFEU). Apart from the fact that some of the world-known consulting firms –such as Deloitte, KPMG or PwC– were involved in the cartel, this is a milestone decision because it is the first time that the CNMC has reduced the fine imposed on a cartelist because it implemented a competition law compliance programme. In addition, this cartelist was not made subject to the prohibition to enter into contracts with the Public Administration. 1. The sanctioned anticompetitive conducts According to the

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Candela Sotés Macaya, The Spanish Competition Authority fines 22 consulting firms and several of their executives a total of EUR 6.3 million for creating a cartel in a first case where the cartelist’s fine is reduced due to implementing a compliance program (Deloitte / KPMG / PwC), 11 May 2021, e-Competitions May 2021, Art. N° 101168

Visites 146

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues