condominium repair firms

Japan's Fair Trade Commission has found 42 companies violated antitrust law by colluding on large-scale repair work at condominiums across Tokyo and six surrounding prefectures. Design and consulting firms were central to the scheme, and the commission ordered about 1.6 billion yen in surcharge payments. It publicly named 171 condominiums involved, saying residents may have been overcharged for repair costs.

Japan's Fair Trade Commission found 42 companies colluded on large-scale condominium repair work in the Kanto region, ruling it a violation of the Antimonopoly Act. It ordered the firms to pay surcharges of about 1.6 billion yen. The commission says residents' repair costs may have been improperly inflated, prompting public concern over fees charged to apartment owners.