New rules could see competition watchdog fine ‘rogue operators’ up to €10m | Business Post

Leo Varadkar: the Tánaiste got cabinet approval last week to publish a new bill to give more powers to the Competition and Consumer Protection Commission. Picture: Julien Behal Photography

New powers to allow the competition watchdog to fine “rogue operators” up to €10 million for anti-competitive business practices are being introduced by Tánaiste Leo Varadkar. Anti-competitive practices include price-fixing and market-sharing for certain locations or customers. Another is bid-rigging, where businesses come together and agree not to bid against one another for a tender or contract so that one of them can achieve a higher price.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New residency scheme could yield €93m annually | Business PostUndocumented migrants are being offered the opportunity to receive residency permits under a new regularisation scheme
Source: businessposthq - 🏆 8. / 71 Read more »

Housing for All won’t mean more new-builds for private buyers | Business PostSocial housing and cost rental homes will absorb extra numbers of homes typically sold on the open market
Source: businessposthq - 🏆 8. / 71 Read more »

Peter O’Dwyer: The new knowns and many unknowns of NBI | Business PostPoliticians uncovered more information about the National Broadband Plan in recent days, but serious questions remain about the financing, ownership, control and progress of the state’s biggest ever deal
Source: businessposthq - 🏆 8. / 71 Read more »