The Competition, Regulation and Supervision Court approved the settlement reached in the popular action by Ius against the Portuguese Land Surveyors Association.
For more than 16 years, ANT restricted competition in the land surveying services market by fixing the prices of these services. ANT acknowledged that it violated the law and agreed to compensate the consumers who were injured and provide a surcharge of 5% caused by the anticompetitive practice.
ANT’s attitude in this procedure is an example of the assumption of responsibility and good faith in the reestablishment of legality and compensation to consumers. This is the first antitrust popular action filed in Portugal that results in compensation for injured consumers.
Ius and ANT reached an agreement under which ANT will compensate the represented consumers with 5% of the value paid for surveying services, bringing the proceedings to an end.
On 4 November 2021, following the conclusion of the agreement, Ius and ANT issued a joint press release informing the represented consumers of their right to claim compensation within a three-month period and of the conditions applicable to such claims.