The European Court of First Instance upholds the Commission’s decision concerning a price fixing case in the shipping sector (Trans-Atlantic Conference Agreement)

"Recent judgments in the liner shipping sector"*1. Introduction On 28 February 2002, the European Court of First Instance (the CFI) delivered three judgments of great importance for EU maritime competition policy. Ruling on appeals brought against the 1994 TAA [1] and FEFC [2] decisions and 1996 TACA Immunity [3] decision, the CFI upheld the Commission’s findings in all material respects. The parties have declared that they will not appeal the judgments to the European Court of Justice. 2. Background All three cases concern the application of Council Regulation 4056/86, the main maritime competition regulation. The latter provides for a block exemption that is exceptionally generous. Article 3 of Regulation 4056/86 thus permits a liner conference not only to fix a common freight

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Eric Fitzgerald, The European Court of First Instance upholds the Commission’s decision concerning a price fixing case in the shipping sector (Trans-Atlantic Conference Agreement), 28 February 2002, e-Competitions Bulletin February 2002, Art. N° 38962

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