Hefty fines for price fixing

Shipping companies operating in the Strait of Gibraltar between Algeciras and Ceuta could be fined as much as €10 million for price fixing agreements made and carried out in 2008 and 2009.

Record fines for insurance companies

The National Competition Commission, the CNC, has fined a group of six major insurers a record €120.7 million for price fixing, almost double the previous record held by Telefonica.