The EU General Court awards damages to an envelopes producer for the European Commission’s failure to include default interest when repaying an annulled cartel fine (Printeos)

On 12 February 2019, the EU General Court (“GC”) awarded € 184,592.95 in damages to envelopes producer Printeos in view of the European Commission’s failure to pay default interest when repaying a cartel fine which had previously been annulled by the GC. In 2014, following a settlement procedure, the European Commission (“Commission”) imposed a € 4.729 million fine on Printeos for participating in a price coordination and customer allocation cartel (see VBB on Competition Law, Volume 2014, No. 12). On appeal, the GC annulled the Commission’s decision for failure to state adequate reasons regarding the factors taken into account in determining the amount of the fines (see VBB on Competition Law, Volume 2016, No. 12). As provided for in the then-applicable delegated financial Regulation

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  • Van Bael & Bellis (Brussels)

Quotation

Martin Favart, The EU General Court awards damages to an envelopes producer for the European Commission’s failure to include default interest when repaying an annulled cartel fine (Printeos), 12 February 2019, e-Competitions Bulletin February 2019, Art. N° 89638

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