Samskip's violation of the prohibition of Article 10 of the Icelandic Competition Act and Article 53.1 of the EEA Agreement

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• Case number: 33/2023
• Date: 18/9/2023
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• Summary

  The Icelandic Competition Authority ("the ICA ") has by decision no. 33/2023 completed the investigation into Samskip's suspected Competition law violations. The ICA concludes that Samskip gravely violated the prohibition of Article 10 of the Icelandic Competition Act and Article 53.1 of the EEA Agreement with unlawful collusion with Eimskip.

  It is also the ICA's conclusion that Samskip, during the case investigation, gravely violated Article 19 of the Icelandic Competition Act with incorrect, misleading, and insufficient information and data delivery.

  An administrative fine for these violations has been imposed in the sum of ISK 4.2 bn. (ISK 4.200.000.000).

  Furthermore, certain instructions are addressed to Samskip to prevent further violations and promote competition.

  The investigation into Eimskip's violations ended in June 2021, with the company's settlement with the ICA. With the settlement, Eimskip admitted violation, paid an administrative fine of ISK 1.5 bn. and committed to take certain measures to prevent further violations and promote competition.

  Through this link, more extensive information on the case can be found. At the bottom of the page, all 15 volumes of the decision are accessible, in Icelandic.