E.U. Ends Legal Shipping Cartels

Law360, New York (September 25, 2006, 12:00 AM EDT) -- Starting what could be a global trend, the European Union agreed Monday to increase competition in shipping routes by retiring an antitrust immunity law that allows price-fixing by shipping companies.

The changes, agreed to by all 25 E.U. member states, will take effect in October 2008, according to a statement issued by the E.U.'s competition authority.

The changes will apply to so-called liner conferences—clusters of shipping firms that have enjoyed the benefits of price-fixing for the past 20 years.

The new rules were confirmed by the...
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