The EU General Court reduces fines imposed to a cartelist and its subsidiaries in the methacrylates sector (Arkema France)

Unlimited jurisdiction: the end of a misnomer?* The past decade has seen a flurry of articles published trying to make sense of the degree of control that the EU Courts exercise on complex economic reasoning. By contrast, much less has been written about the Courts’ unlimited jurisdiction on fines, which allows them to increase or decrease the financial sanctions imposed by the Commission (See Article 261 TFEU and Article 31 of Regulation No 1/2003). This is probably due to the fact that for the past 50 years, such unlimited jurisdiction has been living a quiet life indeed. Over this period – and especially during the last three decades – the EU Courts have wielded this powerful tool with great caution, or at least with significant deference to the Commission. In the overwhelming

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Eric Barbier de la Serre, The EU General Court reduces fines imposed to a cartelist and its subsidiaries in the methacrylates sector (Arkema France), 7 June 2011, e-Competitions Bulletin ECHR, Art. N° 38484

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