Anti Trust bill - source: http://tribune.com.pk/

Dear EU public administrations, you can’t accept bids from Samsung SDI, Philips, and LG Electronics anymore!

“Philips, LG Electronics, Samsung SDI and three other firms were fined a record €1.47 billion by EU antitrust regulators on Wednesday (5 December) for fixing prices of TV and monitor cathode-ray tubes for nearly a decade”

This is a close up photo of a thermionic elect...

This is a close up photo of a thermionic electron gun assembly found on a colour Samsung CRT monitor. The gun produces three high speed individual electron beams for the three primary colours (Red, Green and Blue). (Photo credit: Wikipedia)

Again, 6 companies have been found guilty for fixing prices of their products.

Executives of Philips, LG Electronics and Samsung SDI agreed to share the markets during meetings ending with a round of Golf.

Two questions remains:

  1. Why can’t we put all those executives in jail?
  2. Why can I, as a European Union citizen, request to get back my money in cash?

If we continue the reading, a much interesting fact appears: “…These cartels for cathode ray tubes are ‘textbook cartels’: they feature all the worst kinds of anti-competitive behaviour that are strictly forbidden to companies doing business in Europe…”

We stated months ago that the Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 is clear on the Financial Regulation applicable  to the general budget of the European Communities (article 93):

1. Candidates or tenderers shall be excluded from participation in a procurement procedure if:…

(b) they have been convicted of an offence concerning their professional conduct by a judgement which has the force of res judicata;
(c) they have been guilty of grave professional misconduct proven by any means which the contracting authority can justify;
….

Last point is clearly proved based on EU Competition Commissioner Joaquin Almunia.

This leads us to a last question: Will the EU administrations disqualify any those 6 companies from future public bidding?

Source: http://www.euractiv.com/infosociety/tv-computer-screen-cartel-hit-re-news-516477

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2 thoughts on “Dear EU public administrations, you can’t accept bids from Samsung SDI, Philips, and LG Electronics anymore!

    1. Abdelkrim Post author

      Exact, les class actions sont en route, je ne suis pas le projet pour le moment. Il serait bon que les actions en justice de l’Union génèrent automatiquement une class action. Les malveillants paieront deux fois!

      Reply

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