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The Spanish Competition Authority rules that an agreement between two savings banks to coordinate the closing of their offices in several small villages is covered by the former “de minimis” exemption (Caja Jalón / Caja Zaragoza)

In a Decision dated November 15, 1999, the former Spanish second-tier Competition Authority (“Tribunal de Defensa de la Competencia”, hereinafter, the “TDC” [1]) ruled that an agreement between two savings banks to coordinate the closing of their offices in several small villages was subject to an individual exemption pursuant to Article 3.2 of Spanish Competition Act 16/1989 (hereinafter “the 1989 Act”) [2]. The 1989 Act has recently been replaced by Spanish Competition Act 15/2007, which entered into force on September 1st, 2007 [3]. The case originated in August 1998, when the savings banks “Caja Jalón” and “Caja Zaragoza” applied to the

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Aitor Montesa Lloreda, Angel Givaja Sanz, The Spanish Competition Authority rules that an agreement between two savings banks to coordinate the closing of their offices in several small villages is covered by the former “de minimis” exemption (Caja Jalón / Caja Zaragoza), 15 November 1999, e-Competitions November 1999, Art. N° 15104

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