Antitrust Antitrust

Australia's NQCranes hit with A$1 million fine over market-sharing agreement with rival

By Laurel Henning and James Panichi
  • 22 Nov 2022 22:41
  • 22 Nov 2022 23:55
Crane operator NQCranes must pay A$1 million ($660,000) for breaching national competition law, after the company admitted to entering into an anticompetitive market-sharing agreement with rival MHE-Demag in 2016.

Federal Court of Australia Judge Wendy Abraham’s penalty decision today comes less than one month after the Australian enforcer said it had agreed on

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