THE GENERAL COURT RULES ON 5 APPEALS AGAINST CANDLE WAX CARTEL DECISION

On 12 December 2014, the General Court of the European Union rejected (partially in one case) the appeals brought by Hansen & Rosenthal, Tudapetrol, ChemPharm, ENI and Repsol against the Commission decision of 1 October 2008. The Commission fined, on that occasion, nine wax producers for price fixing and market sharing and imposed a total…

THE ECJ SETS ASIDE THE GENERAL COURT’S DECISION IN THE FLAT-GLASS CARTEL CASE AND REDUCES THE FINE ON GUARDIAN

The Court of Justice has set aside the General Court’s ruling in the Guardian case, providing a different approach to the calculation of the fine. The fine for a competition law infringement is generally calculated as a percentage of the undertaking’s annual sales of the product concerned by the infringement. The relevant sales are usually…

EU COUNCIL GIVES DIRECTIVE ON COMPETITION DAMAGES ACTIONS THE GREEN LIGHT

Today (10 November 2014), the Council formally adopted the corrigendum text as approved by the ECON Committee in September 2014 for the Directive on antitrust damages actions. The text was signed off without amendments and it is therefore expected that the text of the Directive, which will shortly be published in the Official Journal of…