The EU Court of Justice applies the reasonable time rule and reduces fine imposed by the EU Commission on producers of welded steel mesh for anticompetitive agreements (Baustahlgewebe)

THE COURT OF JUSTICE APPLIES "REASONABLE TIME" RULE AND REDUCES FINE IMPOSED ON COMPANY The Court of Justice considered that a reduction by ECU 50 000 of a fine of ECU 3 million imposed on an undertaking for breach of the competition rules constituted a "fair satisfaction" for the excessive duration of the proceedings before the Court of First Instance On 2 August 1989 the Commission adopted Decision 89/515/EEC by which it imposed on 14 producers of welded steel mesh a fine for infringement of Article 85(1) of the EC Treaty. The unlawful restrictions of competition consisted in a series of agreements and/or concerted practices intended to fix prices and/or delivery quotas and to share markets for welded steel mesh. The agreements, according to the decision,

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European Court of Justice, The EU Court of Justice applies the reasonable time rule and reduces fine imposed by the EU Commission on producers of welded steel mesh for anticompetitive agreements (Baustahlgewebe), 17 December 1998, e-Competitions December 1998, Art. N° 93742

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