Competition
RTPR Allen&Overy obtains a fine reduction of 80 percent imposed by the Competition Council to AEGON
Aegon Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (AEGON) along with other managing companies of mandatory private pension funds (Pillar II) were sanctioned by the Council of Competition for an alleged allocation of customers. RTPR Allen & Overy, the representative law firm of AEGON in this situation, managed to obtain in court a reduction with over 80% of the fine imposed. In the first instance, The Bucharest Court of Appeal annulled the fine. more »
Competition Council sanctions 11 media companies. Fines exceed 3 mln euro
The Competition Council has imposed financial sanctions on 11 media companies, the fines amounting to about 3.2 million euro (14.5 million lei). Brand Programming Network, B.V. McCann-Erickson, Groupm Media Operations, Initiative Media, Mediaedgecia Romania, Mindshare Media, Opti Media, Starcom Mediavest Group, United Media Services, Zenith Media Communications are the companies affected, according to a press release of the competition authority. more »
September 29, 2014 10:10
While the watchdog of democracy seems to have lost its defining qualities over the years, its equivalent in the economy sector, the Competition Council, confirms its status through consistent work meant to ensure compliance with competition regulations so as to maintain the proper functioning of the economic environment. "Indeed, Romania’s watchdog has a positive and active track record in ensuring a normal competitive environment. The authority is acknowledged by the business environment, as well as other governmental institutions as making an important contribution to the efficiency of the national competitive environment”, says Raluca Vasilache, Partner of Tuca Zbarcea & Asociatii. ...more »
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