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Japan's Sanwa Shutter loses Supreme Court appeal against JFTC sanction

( February 27, 2025, 09:00 GMT | Official Statement) -- MLex Summary: Sanwa Shutter, a leading Japanese manufacturer, along with its parent company Sanwa Holdings, has lost its appeal to overturn a cease-and-desist order and fine imposed by the Japan Fair Trade Commission in 2010. The sanctions were related to Sanwa Shutter's alleged involvement in a nationwide price-fixing cartel for shutters. According to a recent filing by Sanwa Holdings to the Tokyo Stock Exchange, the Supreme Court dismissed the appeal and decided not to review the case on Feb. 26.The statement, in Japanese, is attached. ...

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