The Cypriot Administrative Court annuls a decision that imposed a fine of €20,775,630 on petroleum companies (ExxonMobil / Hellenic Petroleum / Petrolina / Coral)

The joined cases were brought before the Administrative Court of Cyprus (hereinafter the “Court”) by ExxonMobil Cyprus Ltd, Hellenic Petroleum Cyprus Ltd, Petrolina (Holdings) Public Ltd and Coral Energy Products Cyprus Ltd (hereinafter the “petroleum companies”) against the Commission for the Protection of Competition (hereinafter the “CPC”) for the annulment of the latter’s Decision No. 51/2017, dd. 30/10/2017 (hereinafter the “Contested Decision”). With the Contested Decision, the CPC imposed a total fine of €20,775,630 on the petroleum companies for violating Article 3(1)(a) of the Law on the Protection of Competition (Law 13(I)/2008). The Court annulled the Contested Decision, after concluding that it was unlawful in its entirety. One of the main issues examined by the Court was the

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Panayiotis Agisilaou, Marianna Economidou, The Cypriot Administrative Court annuls a decision that imposed a fine of €20,775,630 on petroleum companies (ExxonMobil / Hellenic Petroleum / Petrolina / Coral), 29 April 2021, e-Competitions April 2021, Art. N° 100813

Visites 409

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues