Topic “price fixing” — Exporter Magazine

Christian Kledal, head of legal affairs at A.P. Moller-Maersk, said that at least 16 officials from the commission were at its headquarters in Copenhagen and that they would remain there for a few more days with the company’s full assistance. Inspectors were checking computers and collecting any documents they deemed relevant, including minutes from meetings, he added. The New Zealand High Court has ordered Qantas Airways Ltd to pay a $6.5 million penalty for breaches of the Commerce Act, the highest penalty to date in New Zealand for price fixing. The US Justice Department said Singapore Airlines Cargo Pte Ltd engaged in a conspiracy to fix prices with a one-count felony charge filed in federal court accusing the company of helping to fix prices between 2002 and 2006. A group of companies led by Philips of the Netherlands and Ericsson of Sweden are taking KLM, Martinair and Air France to court seeking damages of more than €400m ($545m) due to allege price-fixing by the airlines, according to a Financial Times report.