CNMC celebrates 10 years of the LDC and announces reforms

On October 24, 2017 the Spanish National Commission for Markets and Competition (Comisión Nacional de los Mercados y la Competencia or “CNMC”) held its Annual Competition Day at which it celebrated the tenth anniversary of the enactment of Law 15/2007, of July 3, for the Defense of Competition. This day brought together well-known experts in competition law and economics to discuss various topics that have gained importance throughout the last decade. During the conference, numerous allusions were made to the success of the Spanish competition authority in regards to cartel detection (60 in total since...

Audiencia Nacional annuls CNMC fine on Telefónica for SME commitments

On July 31, 2017 the Spanish High Court (Audiencia Nacional) annulled a fine of €25.78 million imposed in October 2014 on Telefónica Móviles España ("TME") by the Spanish National Commission for Markets and Competition (Comisión Nacional de los Mercados y la Competencia, or "CNMC") for creating an allegedly anticompetitive network of parallel agreements with SMEs, which included certain term commitments.