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Uria Menendez
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The main antitrust statute in Spain is Law 16/1989 on the Defence of Competition. The Competition Defence Act (the Act) contains rules prohibiting anti-competitive agreements and the abuse of a dominant position, as well as a system for controlling concentrations.
By Edurne Varona, Edurne Varona
The Court for the Defence of Competition has issued two decisions rejecting applications submitted by two card payment system associations (Sistema 4B and Servired) to obtain individual exemptions for their respective agreements on intra-system interchange fees (ie, fees applied to domestic consumer card transactions in retail outlets when the acquirer's and the merchant's banks are members of the same card payment system association).