Cartel judgement

The Metropolitan Court of Appeal upheld a judgement of the Metropolitan Court and so basically the decision of the NCA on the second largest cartel fine in Hungary on 29 August 2007.

The origins of the case are routed in the agreement between the underatkings on the parts of highways which they should build (market allocation) and additionally that they will contract some of the work out to eachother. This is a classical bid-rigging story. At the time of the decision on fines, the NCA imposed the biggest ever fine in Hungary (more than 7 billion HUF), but since than it was topped by an other fine (insurrance companies – GCR reported on it). This was due to the severity of the infringement. E.g. all the seriuos possible tenderees have participated; the agreement had a long-term effect on highway constructions; the cartel concerned public resources; etc.

 

I think we will see finally a damages claim…

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