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Spain’s Competition Watchdog May Impose Fine On Vigo Port’s Stevedoring Service

Spain’s competition watchdog may impose fine on Vigo port’s stevedoring service

Spain’s Competition Watchdog May Impose Fine On Vigo Port’s Stevedoring Service

Vigo, Spain (PortSEurope) June 19, 2018 – Comision Nacional de los Mercados y de la Competencia (CNMC – National Commission of Markets and Competition) has described as a very serious infringement agreements between trade unions and companies that since 1996 have provided stevedoring services at Vigo port “beyond” those allowed by law.

The threat of a fine from the CNMC hangs over the Vigo stowage service. On the verge of closing the investigation opened in January 2017 following the complaint made in August by Port Authority of Vigo (Autoridad Portuaria de Vigo), CNMC considers that the agreements adopted in 1996 by the then State Stowing and Unloading Company (SEED), and those signed in 2010 and 2013 by the Port Stevedoring Management Company (Sagep), include tasks that exceed the scope of the monopoly that continues to exercise the services.

The watchdog qualifies the contracts as “very serious infringement” of Articles 1 and 101 of the Law on the Defense of Competition (LDC) and the Treaty on the Functioning of the European Union (TFEU), respectively. The imposition of a fine, as well as its amount, will depend on the analysis of the allegations of those affected, whose deadline for submission was this month.

Source: Faro de Vigo

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