Japan’s FTC to fine 30 firms over condo renovation bid-rigging (opens original article in a new tab)

Japan's FTC plans to fine 30 construction companies and issue cease and desist orders to 40 companies for bid-rigging in condominium renovation contracts, violating antimonopoly laws.

• FTC plans to fine 30 companies ¥1.6 billion for bid-rigging in condo renovations.
• 40 companies, including design firms, will receive cease and desist orders.
• Collusion may have increased financial burden on condominium residents.
• FTC conducted inspections in March 2022.