Hungary fines two SMEs in price fixing caseStaff Writer | March 22, 2017
The Gazdasági Versenyhivatal (GVH – the Hungarian Competition Authority) established that Óceán-L Kereskedelmi és Szolgáltató and Hüperion Kereskedelmi és Szolgáltató had entered into an anticompetitive agreement.
Hungary Two SMEs violated Community law
The GVH imposed a fine of some 1.2 million HUF on the two undertakings for the infringement.
The investigation of the GVH uncovered that Óceán-L Kft., as the importer of the products, had prompted its trading partners via email to utilise its recommended minimum internet resale prices.
Hüperion Kft. complied with the incitement and adjusted its prices to the recommended minimum.
When setting the base amount of the fine, the GVH took into account the revenues of the two undertakings which stemmed from the sales between July 2014 and April 2015 of the three types (21-60, 11-30 and 21-100) of Laddomat boiler fillers involved in the proceeding.
When calculating the fine, the GVH evaluated – among others – the following aggravating factors:
- price fixing qualifies as a hard-core restriction within vertical agreements;
- the two undertakings did in fact implement the agreement.
The GVH took into account, as a mitigating circumstance, that both operators have small market shares in the concerned market, and that the gains of the infringement could not be quantified.
A successful settlement negotiation with Hüperion Kft. was conducted during the proceeding; consequently, the GVH reduced the fine imposed on it by 25%.
The GVH may, within the so-called settlement procedure, reward an undertaking that admits to an infringement and that waives certain procedural rights, by granting a 30% reduction of the fine imposed – instead of the former 10%. ■