Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty today to three counts of bid-rigging for participating in an international conspiracy and was fined $13.4 million by the Ontario Superior Court of Justice.
The Competition Bureau invites Canadians to share their views on Superior Plus LP’s (Superior) proposed acquisition of Canwest Propane (Canwest), Gibson Energy Inc.’s (Gibson) retail propane business.
The Competition Bureau has reached a consent agreement with Hertz Canada Limited (Hertz) and Dollar Thrifty Automotive Group Canada Inc. (Dollar Thrifty) where both companies will pay a total of $1.25 million in administrative monetary penalties, ensure their advertising complies with the law and implement new procedures aimed at preventing advertising issues in the future.
As Fraud Prevention Month comes to a close, the Competition Bureau and its fraud prevention partners want to remind Canadians of the importance of recognizing, rejecting and reporting fraud all year long.
The Competition Bureau won praise from leading international antitrust experts last night in Washington, DC for its Intellectual Property Enforcement Guidelines (IPEGs). The Bureau was honoured with the title of Most Innovative Soft Law (intellectual property section) at the 2017 Antitrust Writing Awards.
You are approached by someone you suspect is a fraudster – in person or in an email. The good news is that you’ve already taken the first step by recognizing a potential scam. The second step is rejecting it. But it’s equally important to report suspected scams to the Competition Bureau or one of its partners.
Competition policy and enforcement were on the agenda of formal meetings held in Gatineau today between the Commissioner of Competition, John Pecman, and the European Commission’s Director-General for Competition, Johannes Laitenberger.
This Fraud Prevention Month and throughout the year, it’s important that even the savviest investors are wary of opportunities that are just too good to be true.