The Chilean Supreme Court decreases fines imposed by the Competition Tribunal in an international cartel for refrigerators compressors (Tecumseh)

On September 24th, 2013, the Chilean Supreme Court issued its judgment on Tecumseh. The Competition Tribunal (“TDLC”) had ruled the case on June 14th, 2012 (sentence 122/2012), condemning Whirpool S.A. for colluding with other firms during 2005-2008, with the aim of fixing prices on the market of refrigerators compressors. Whirpool was part of an international cartel and, along with other firms, had already being sanctioned in several countries. In Chile, the case became important and well-known for being the first one where the leniency program, established in the antitrust statute in 2009, was effectively applied. This happened after Tecumseh do Brasil Ltda., one of the members of the cartel, blew the whistle before the Chilean competition agency (the FNE). After being fined by the

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  • University College London

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Javier Tapia, The Chilean Supreme Court decreases fines imposed by the Competition Tribunal in an international cartel for refrigerators compressors (Tecumseh), 24 September 2013, e-Competitions September 2013, Art. N° 61091

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