Friday, July 1

The CNMC investigates possible anti-competitive practices in the treatment and recycling of waste in Spain

The National Commission of Markets and Competition (CNMC) investigates possible anti-competitive practices in the market for the treatment and recycling of different types of plastic and metal waste in Spain.

As reported by the macrosupervisor, on December 14, 15 and 16, 2021 he carried out inspections at the headquarters of several companies in the sector as a result of a complaint received. If the existence of anti-competitive practices in these markets is confirmed, they would constitute an infringement of articles 1 and 2 of the Law on the Defense of Competition.

Inspections are a preliminary step in the investigation process of the alleged anti-competitive conduct and they do not prejudge the result of the investigation or the guilt of the entity.

Related news

If as a result of the inspection, evidence of practices prohibited by the Competition Law and the Treaty on the Functioning of the European Union, the CNMC will proceed to the formal initiation of sanctioning file.

The body chaired by Cani Fernández recalls that the development of practices contrary to articles 1 and 2 of the Competition Law constitute a very serious infringement that can lead to fines of up to 10% of the total turnover of the offending companies in the year immediately prior to the imposition of the fine.

Reference-www.elperiodico.com

Leave a Reply

Your email address will not be published.