Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Czech Republic > Legal Developments > Law firm and leading lawyer rankings

Editorial

BID RIGGING OR CARTEL AGREEMENTS OF TENDERERS

October 2012 - EU & Competition. Legal Developments by Randa Havel Legal.

More articles by this firm.

by Kristýna Oberfalcerová, Attorney-at-Law, Randa Havel Legal

Bid rigging means the agreement between tenderers who intentionally damage the contracting authority by not submitting competitive offers, which leads to an increasing price compared to the price that would be achieved in the situation where candidates compete with each other. The aim is to achieve better conditions for the winner of the tender procedure. Bid rigging generally includes elements of agreements on price fixing and agreements on market sharing. These agreements have a direct negative impact on public budgets.

In the Czech Republic, in response to the urgent need to reduce public spending, the issue of bid rigging came to the fore both the OPC and the general public, because the agreements between tenderers can lead to increases in public spending by several tens of percents. Bid rigging could be penalized under the competition laws and under the criminal laws. It is one of the most serious forms of breach of the competition rules that can be qualified as "hard-core" cartel agreements.

Read more...


For more information please visit www.randalegal.com

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Europe