CASE COMMENTS: CARTELS – FRANCE – EXCHANGE OF INFORMATION – MARKET FORECLOSURE – FINES

Fines: The French Competition Authority imposes a heavy fine to four operators of meal vouchers for various practices resulting in market foreclosure and delays to innovating applications (Edenred France, Up, Natixis Intertitres, Sodexo Pass France)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. On December 17, 2019, the French Competition Authority imposed on the four historical issuers of restaurant securities and their joint body, the Centrale de Règlement des Titres (CRT), the largest sanction of the year, i.e. nearly 415 million euros. 415 million. To date, this is the fourth largest sanction since 2009. The Authority sanctioned two types of practices, which had a major impact on the market since they were implemented by the four players that together represent more than 98% of the market. These practices consisted, on the one hand, of exchanges of information between member-policyholders organised through the CRT, and, on the other

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Michel Debroux, Fines: The French Competition Authority imposes a heavy fine to four operators of meal vouchers for various practices resulting in market foreclosure and delays to innovating applications (Edenred France, Up, Natixis Intertitres, Sodexo Pass France), 17 December 2019, Concurrences N° 2-2020, Art. N° 94746, pp. 80-81

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