ARTICLE
25 April 2018

Cartel Fines Greatly Reduced Due To Leniency And Settlement

WT
Wolf Theiss

Contributor

Over the past 60 years, we have continuously expanded our areas of expertise. With confidence, we offer a broad spectrum of specialised legal expertise, covering everything from arbitration to white-collar crime. This comprehensive range allows us to address all facets of commercial law, providing innovative solutions to the most complex legal challenges. Our industry expertise ensures that we deliver not only legal advice but also deep business insights, making us trusted partners who offer strategic, practical solutions.

By doing so, they participated in market sharing and customer sharing agreements.
Czech Republic Antitrust/Competition Law

Ascendum Stavební stroje Czech s.r.o. and Josef Červenka – HYDRAULIKSERVIS coordinated their participation and pitches in tenders between 2012 and 2015 for the distribution of Volvo construction machinery. By doing so, they participated in market sharing and customer sharing agreements.

Both parties applied for leniency and at the same time used a settlement procedure. Josef Červenka – HYDRAULIKSERVIS received full immunity; the fine for Ascendum was reduced by approximately 50% from the original CZK 14,056,000 to the final CZK 6,747,000.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More