Business Services Industry
LAW BRIEFS
Supply Management, Jul 3, 2008
Marine hose trio convicted
The first convictions for a cartel offence since criminal prosecution powers were given to the OFT were handed down last month.
Three former Dunlop Marine & oil executives were sentenced to imprisonment for between two and three years for bid-rigging. The men, who were arrested last December, pleaded guilty to "dishonestly participating in a cartel to allocate markets and customers, restrict supplies, fix prices and rig bids for the supply of marine hose and ancillary equipment to the UK".
OFT chief executive John Fingleton said: "This prosecution sends a clear message to individuals and companies about the seriousness with which UK law views cartel behaviour."
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Source: http://www.oft.gov.uk/news/press/2008/72-08
Company faces toxic claim
Lawyers predict a class action against a Londonbased multinational company could involve 30,000 claimants by the time it goes to trial.
The claim, against commodity trading company Trafigura, is for toxic waste poisoning allegedly from the disposal of waste in the Ivory Coast by a company it contracted in 2006. The contract with the local company was made after a deal with a Dutch company fell through following a disagreement about price.
Trafigura denies any wrongdoing, saying it relied on local advice to select the waste disposal company, and it doesn't accept that the waste caused the claimants' poisoning.
Source: http://tinyurl.coni/6liydx4
Chemical firms fined
The European Commission (EC) has imposed fines totalling more than euro79 million (£62 million) on four groups of chemical companies for breaches of antitrust rules.
The EC says the companies - located in Sweden, the Netherlands, Finland, Luxembourg, France and Spain - worked together to fix prices and allocate sales volumes of sodium chlorate, mainly used to produce bleach for the pulp and paper industry.
Arkema France is to pay euro59.02 million (£46.57 million) of the total amount because it had already been fined by the EC for cartel activities between 1984 and 1994.
Source: http://tinyurl.com/55644k
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