The Madrid International Arbitration Centre (CIAM) took stock of its first two years in operation, from its foundation in January 2020 to the end of 2021. During that period, CIAM has managed 10 international arbitrations for a value of over €48.6 million. Also, in the first quarter of 2022, CIAM received four new arbitrations. Taking […]
The Portuguese Competition Authority (AdC), and the Norwegian Competition Authority (NCA), held on the 19 and 20 of May, a bilateral meeting with the purpose of exchanging experience on topics of common interest. The agenda included discussions on anticompetitive behaviour in large retail (including “hub-and-spoke” arrangements), bid-rigging in public procurement, collusion in digital markets, anticompetitive […]
As the year of 2016 is coming to an end, there is an interesting melting pot of draft legal frameworks and circumstances in Portugal that call for renewed focus on the advantages of competition law compliance.
On 23 June the British will have their say on whether or not to remain in the European Union (“EU”). In the event the referendum is won by the leave camp and the UK withdraws from the EU (what is popularly termed Brexit), it will raise several key questions for markets such as that of […]
On 8 June, 2015, the Spanish National Appellate Court gave its judgment on the Spanish Dell case confirming the conclusion reached in the prior Decision delivered by the Spanish Central Tax Tribunal (TEAC), that the activities of the Spanish subsidiary of Dell (Dell Spain) constituted a permanent establishment (PE) of an Irish sales group company […]
Portugal has recently introduced changes in the rules applying both to restrictive and to unfair trade practices. The first amendments to the Restrictive Trade Practices Act were published on 8 October, 2015 (Decree-Law 220/2015) and came into force on 7 December.
At the end of 2014, reinforced powers belonging to the Portuguese Competition Authority were applied for the first time in relation to two high profile cases. The first one concerned Sport TV Portugal and the broadcasting rights of sports events, mainly football. The second one involved Peugeot Portugal and related to warranties and independent repair […]
The European Commission has granted temporary approval, under EU state aid rules, to the recapitalisations of NCG Banco, Catalunya Banc and Unnim Banc by the Fondo de Reestructuración Ordenada Bancaria (“FROB”). All three banks were created this year as part of the restructuring of the Spanish savings banks system. Final approval of the recapitalisations is conditional […]
The Memorandum of Understanding entered into between the Portuguese State and the International Monetary Fund, the European Central Bank and the European Commission (the troika) sets forth a range of goals and measures that must be implemented by the Portuguese State in order to promote competition in the markets as a means of improving economic […]
The enforcement of competition law in Spain has experienced important changes during the last two and a half years. A new Act (Act 15/2007, on Defence of Competition, ADC) entered into force, creating a new Competition Administrative Authority (Comision Nacional de la Competencia, CNC). In line with the EU experience, a leniency programme has been […]