CASE COMMENTS: EUROPEAN AND FOREIGN LAW - SPAIN - FUNERAL SERVICE OPERATORS - GUN-JUMPING - FINE

Spain: The Spanish Competition Authority examines several mergers in the funeral services market and narrowly defines geographical markets (Funespaña / Alianza Canaria)

The Spanish Competition Authority [“CNMC”] has fined the funeral services company Funespaña, a subsidiary of Mapfre, one of the main insurance group in Spain, for acquiring a local competitor in the Canary Islands (Funeraria Alianza Canaria) without prior notification (CNMC, Decision of 18 May 2021, case SNC/DC/014/21 FUNESPAÑA/ALIANZA CANARIA). Failure to comply with the notification requirement constitutes a serious infringement under Article 62(3)(b) of the Spanish Competition Act [“LDC”]. Under Article 8 LDC, notification is compulsory if a transaction meets either the turnover threshold or the market threshold established therein. According to one of the market share thresholds, even when total turnover in Spain of the

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Rafael Allendesalazar, Spain: The Spanish Competition Authority examines several mergers in the funeral services market and narrowly defines geographical markets (Funespaña / Alianza Canaria), 18 May 2021, Concurrences N° 3-2021, Art. N° 101655, pp. 211-212

Visites 69

All reviews