Samuel, Son & Co. Limited can complete its acquisition of Wilkinson Steel and Metals Inc. after the Competition Bureau announced that it does not intend to challenge the deal. Samuel and Wilkinson process, distribute and sell various steel and speciality metals. Samuel operates service centres across Canada and Wilkinson conducts business in Western Canada. The [...]Read Full Article
Yazaki Corporation was fined $30 million after pleading guilty to rigging bids for wire harnesses supplied to Honda and Toyota for the 2005.5 Honda Ridgeline, 2006 Honda Civic and 2006 Toyota Corolla/Matrix models. The volume of commerce affected in Canada was about US $260 million. This is the largest fine ever to be ordered for bid-rigging [...]Read Full Article
In a much-anticipated decision, the Competition Tribunal rejected the Competition Commissioner’s application to force The Toronto Real Estate Board (TREB) to relax its rules surrounding how Multiple Listing Service (MLS) information was used by real estate agents. The Tribunal also ordered the Commissioner to pay TREB’s costs. At issue in the six-week long trial held [...]Read Full Article
The Ontario Superior Court of Justice recently ordered Furukawa Electric Co. Ltd., a Japanese supplier of motor vehicle components, to pay a fine of $5 million after it pleaded guilty to participating in an international bid-rigging conspiracy. To date, this is the largest fine a court has imposed in Canada for a bid-rigging offence under [...]Read Full Article
The legendary basketball coach, John Wooden, once said: “A failure to prepare is preparing to fail.” The same can be said of the negotiator. Preparation is another crucial determinant of the negotiating process.Read Full Article
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