Chilean Gas Companies Escape $2.3M Fine

Law360, New York (January 23, 2007, 12:00 AM EST) -- In a defeat for Chile’s antitrust regulator, the country’s Supreme Court has overturned about $2.3 million in fines against four industrial and medical gas companies that were accused of collusion.

The unanimous decision, reached Tuesday, put an end to a case that began one and a half years ago. When reached by telephone, a spokeswoman for Chile’s antitrust regulator, the Fiscalía Nacional Económica (FNE), said it had run out of options and that the decision was final.

According to the complaint, which the FNE first filed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.