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Competition: Anti-competitive behaviour

03 November 2014

Smart card chip producers fined for being anti-competitive and face damages claims

On 21 October 2008, in a co-ordinated effort with national competition authorities, the European Commission (EC) conducted dawn raids at the premises of a number of smart card chips producers across various EU member states. The EC was investigating possible violations of the Treaty on the Functioning of the European Union (TFEU) rules, which prohibit cartels and anti-competitive conduct such as price fixing, customer allocation and the exchange of commercially sensitive information ...

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