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CARTELS: AMO SR conducted an unannounced inspection in the sector of measuring and detection devices
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The Antimonopoly Office of the Slovak Republic, the Division of Cartels, (hereafter "the Office") confirms that on 28 October 2019 it conducted an unannounced inspection in the business premises of undertakings operating in the sector of measuring and detection devices.
The inspection was carried out on the basis of a reasonable suspicion that an agreement restricting competition could have been concluded between undertakings operating in the given sector, namely in relation to the participation and the submission of bids in public procurement for the supply of goods.
Since this could have been a horizontal agreement between direct competitors, which is ranked among the most serious infringements of competition rules and considered as a hard core cartel, in case the agreement is proved, the undertakings may be fined of up to 10 % of the turnover for the previous accounting period.
The fact that the Office conducted an inspection does not mean that the entities concerned have infringed the competition rules nor does it prejudge the conclusions of the investigation.
At this stage, the Office does not provide further information on the ongoing investigation.
The inspection was carried out on the basis of a reasonable suspicion that an agreement restricting competition could have been concluded between undertakings operating in the given sector, namely in relation to the participation and the submission of bids in public procurement for the supply of goods.
Since this could have been a horizontal agreement between direct competitors, which is ranked among the most serious infringements of competition rules and considered as a hard core cartel, in case the agreement is proved, the undertakings may be fined of up to 10 % of the turnover for the previous accounting period.
The fact that the Office conducted an inspection does not mean that the entities concerned have infringed the competition rules nor does it prejudge the conclusions of the investigation.
At this stage, the Office does not provide further information on the ongoing investigation.