6 SPANISH CONSTRUCTION COMPANIES FINED FOR AGREEING “RIVAL” TENDERS FOR 25 YEARS

On 8 July, La Estrella de Panama reported that the National Commission of Markets and Competition (CNMC) has issued fines totalling €203.6 million to 6 main Spanish construction companies for having agreed for 25 years (1992 and 2017) public tenders for the construction and civil works of infrastructures.  It is said that the anti-competitive conspiracy affected thousands of tenders called by Spanish Public Administrations for the construction and construction of infrastructures such as hospitals, ports and airports, roads, etc.  The newspaper highlights the companies’ work in Panama.

https://www.laestrella.com.pa/internacional/mundo/220708/seis-constructoras-espanolas-radicadas-panama-multadas-alterar-licitaciones-25-anos

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017