The Paris Court of Appeals decreases fines on cartel members in the steel industry generating the urgency for a greater convergence on the calculation of fines for antitrust infringements (AMD / Arcelor)

Towards greater convergence on the calculation of fines* It is not uncommon for the law to progress as a consequence of significant discrepancies and disagreements arising between courts and enforcers. This is exactly what may currently be happening to the French rules governing the calculation of fines. One can expect that, once the dust has settled, the calculation methodology applied by the French Competition Authority will be further aligned with that used by the European Commission, as well as the UK, German and Spanish Competition Authorities. The French Competition Authority does not currently apply any Fining Guidelines. It relies rather on the French Commercial Code, which merely provides that “[t]he financial penalties are

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Eric Barbier de la Serre, The Paris Court of Appeals decreases fines on cartel members in the steel industry generating the urgency for a greater convergence on the calculation of fines for antitrust infringements (AMD / Arcelor), 19 January 2010, e-Competitions January 2010, Art. N° 35313

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