Miguel Miranda
Partner | Head of Competition & EU
April 4, 2024
SIBS risks up to two years without being able to participate in public procurement procedures
Miguel Miranda in an interview with Jornal Económico explained the implications of the fine, applied by the Competition Authority to SIBS for “abuse of dominant position” in the payments sector, both for the company and for consumers.
In the interview, the partner and head of Competition & EU, clarified which competition laws were not complied with, the consequences for SIBS, precedents for appealing the decision, the possibility of harmed companies requesting compensation, the practice of tying, how consumers are affected in practice, and how the fine could change the way the group’s payment systems work.
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