The Dutch Competition Authority (the NMa) has imposed heavy fines on a consortium of Dutch banks and their joint venture company, Interpay, for infringement of the Dutch Competition Act by means of a horizontal agreement between the shareholding banks and abuse of a dominant position by Interpay.
Source: Decision NMa, case no. 2910, 21 June 2004 at www.nmanet.nl Liselotte van Wijngaarden Bird & Bird e-mail: liselotte.van.wijngaarden@twobirds.com