Fionn Uíbh Eachach comments on RTÉ News online
09 July 2019
Fionn Úibh Eachach, Indirect Tax Partner, featured on RTÉ News online “EU fines Hello Kitty €6.2m for competition breach”.
The EU's top anti-trust regulator on Wednesday fined Hello Kitty owner Sanrio €6.2 million euros for illegally blocking retailers from selling merchandise across bloc borders. The relatively low fine came as a result of Sanrio's cooperation in the case, which was jointly launched against Nike and Universal Studio.
Commenting on the matter, Fionn says: "One of the cornerstones of the European Union is the free movement of goods within the Single Market, something Hello Kitty were found to have been actively working against. The fine levied today, and a similar fine levied on Nike back in March, sends a strong signal to other businesses operating in the EU that consumers must be afforded the right of competition in terms of choice and price – one of the principal underpinnings of the EU Single Market."
Content adapted from RTÉ News online: "EU fines Hello Kitty €6.2m for competition breach"