The Spanish Competition Authority fines an association for exchanging commercially sensitive information capable of restricting competition in the perfume and cosmetics sector (STANPA)

On February 7, 2011, the Spanish Competition Commission (Comisión Nacional de la Competencia, the “CNC”) fined Asociación Nacional de Perfumería y Cosmética (“STANPA”) €901,518.16 for exchanging commercially sensitive information capable of restricting competition [1] in the perfume and cosmetics sector in Spain. Background STANPA is a business organization that represents the Spanish perfume and cosmetics sector and whose members include most of the companies operating in this sector. The CNC‘s Investigation Division (the “DI”) found, during its inspections in the framework of other enforcement proceedings, that members of STANPA may have exchanged commercially sensitive information, particularly three of STANPA‘s committees: “Gran Consumo” (mass market), “Estética Profesional” (professional

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Tatiana López Garrido, Eva del Amo, The Spanish Competition Authority fines an association for exchanging commercially sensitive information capable of restricting competition in the perfume and cosmetics sector (STANPA), 7 February 2011, e-Competitions Due Process Research Program, Art. N° 41921

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