The Contentious-Administrative Chamber of the Supreme Court has annulled two resolutions of the Council of the National Commission on Markets and Competition (“CNMC”) of February 2015, after finding that the proceedings had expired. The CNMC had imposed fines amounting to 30 million euros on the companies REPSOL S.A. (“REPSOL”) and Compañía Española de Petróleos S.A.U. (“CEPSA”), on the grounds that they had entered into coordination agreements, nonaggression pacts and exchanges of strategic information between service stations.
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