The Romanian Competition Authority fines a national association and 16 financial companies €8.47 million for exchanging information (Association of Romanian Financial Companies)

Competition Authority, Romanian

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21 Jan 2021

The Romanian Competition Authority fines a national association and 16 financial companies €8.47 million for exchanging information (Association of Romanian Financial Companies)

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Reference

Romanian Competition Authority, Association of Romanian Financial Companies, Press release, 21 January 2021

The Competition Council has fined the Romanian Association of Financial Companies and 16 financial companies euro 8.47 million* The Competition Council has fined the Association of Romanian Financial Companies (hereinafter ALB) and 16 member companies lei 41,251,774 (approx. Euro 8.47 million) for violating the competition law by participating in an exchange of commercially sensitive information. The competition authority found, following an investigation, that along with information on current and future financing value, some highly detailed elements were

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Author

Romanian Competition Authority
Romanian Competition Council (Bucharest)

Romania 128 contributions 23455 visits

Quotation

Romanian Competition Authority, The Romanian Competition Authority fines a national association and 16 financial companies €8.47 million for exchanging information (Association of Romanian Financial Companies), 21 January 2021, e-Competitions Commitment Decisions, Art. N° 98887

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