EU Scuttles Probe Into Sea Shipping Price-Fixing

Law360, New York (May 8, 2008, 12:00 AM EDT) -- The European Union's competition watchdog said Thursday it has shut down its investigation into possible collusive behavior in the maritime transport of bulk liquids on deep-sea routes.

The European Commission said it had decided to close the case after concluding that there was a possibility that the services under investigation were excluded from competition rules.

The probe was first initiated in February 2003, when the agency launched a number of raids on a slew of shipping companies, seeking evidence that they had formed an anti-competitive cartel...
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.