SUPPRESSING UNLAWFUL COORDINATION OF LG SMARTPHONES RESELLERS WAS ONE OF THE BEST CASES IN 2018
“LG Electronics RUS” Ltd. coordinated economic operations of resellers using price algorithms
The unlawful coordination also included fixing recommended retail prices for LG smartphones and influencing resellers to make sure they observed the recommended retail prices, and punishing those who did not obey.
On 26 February 2018, in the course of the investigation of the antimonopoly case, “LG Electronics RUS” Ltd. reported on terminating unlawful actions for coordinating economic activities of resellers of LG smartphones. The company also drafted and implemented a new in-house compliance policy.
The managers of “LG Electronics RUS” Ltd. who directly exercised unlawful actions were held administratively liable.