Resumption of the ICA´s decision number. 40/2014, Securitas hf. fined for abuse of dominance

The Icelandic Competition Authority (ICA) concluded in the end of the year 2014 that Securitas hf., a company in the field of security and guarding services, both for homes and companies in Iceland, had violated Article 11 of the Competition Act no. 44/2005 and Article 54 of the EES-Agreement, when abusing it‘s dominant position and fined the company 80 million ISK, decision no. 40/2014.   

Securitas appealed the decision to the Appeals Committee on Competition, case no. 1/2015. With the appeal Securitas submitted new information that was not available when the ICA made its decision. Securitas believed that this new information was of importance in assessing the company's conduct that led to decision no. 40/2014. The new information regarded Securitas costs of security service agreements. Therefore Securitas requested a reopening of Decision No. 40/2014. The ICA agreed to reopen the case with certain assumptions that are further clarified in the decision.  

In the retrail case, a new assessment was made at the expense of Securitas in the preparation of security service agreements, and it was examined whether Securitas disclosure that led to decision no. 40/2014 was in accordance with Article 19 of the Competition Act. The retrail case ended with the agreement between the ICA and Securitas were Securitas acknowledged that the company violated Articles 11 and 19 of the Competition Act og Article 54 of the EES-Agreement, and pays a fine of 40 million ISK as well as the company undergoes certain conditions.