The EU General Court dismisses the actions of undertakings in a cartel case and upholds the fines imposed by the Commission (Smart card chips cartel)

Article 27(2) of Regulation No 1/2003 provides that the parties’ rights of defence are to be fully respected in proceedings by the European Commission pursuant to Articles 101 and 102 TFEU. Article 12 of Regulation 773/2004 states that the Commission must give the parties to whom it has addressed a Statement of Objections (“SO”) the opportunity to be heard. On 3 September 2014, the Commission imposed fines totalling approximately €138 million on four companies for coordinating their conduct on the smart card chips market in the EEA from 2003

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The EU General Court dismisses the actions of undertakings in a cartel case and upholds the fines imposed by the Commission (Smart card chips cartel), 15 December 2016, e-Competitions Bulletin December 2016, Art. N° 82637

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