The Bucharest Court of Appeals has annulled the Competition Council’s decision to impose a fine on a large pensions fund for breach of competition rules, ending a dispute which started in 2010. It was the first instance where the competition authority found a breach not only of the Competition Law, but also of the Treaty on the Functioning of the European Union.
Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.
NNDKP’s lawyers specialized in competition law held a round of debates regarding companies’ behavior during the Competition Council’s investigations, in a new session of the “Exclusively for Friends” workshop series.
Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.
Published in “Getting the Deal Through – Private Antitrust Litigation 2012”
Published in “Getting the Deal Through – Cartel Regulation 2012”
Published in “Getting the Deal Through – Intellectual Property & Antitrust 2012”
The NNDKP competition lawyers have organized a new session of the series of discussions on competition matters “Exclusively for Friends”, having the topic “Competition Compliance Programs”.
Nestor Nestor Diculescu Kingston Petersen has successfully represented a large local pharmaceutical services company in the investigation conducted by the Competition Council with respect to the decision of the members of ADMR and ADID (the Association of Distributors and Importers of Drugs) to suspend the deliveries of medicines to pharmacies and hospitals. The decision of the members of the two associations was determined by the fact that the Ministry of Health has not updated the exchange rates within the price structure for 18 months (given the depreciation by 18% of the RON compared to the EUR), counting on the social pressure upon the distributors.
Published in “Doing Business in… 2011” by Practical Law Company (PLC) and Lex Mundi
