The Hungarian Supreme Court upholds the Competition Authority’s decision and reduces fines in a gas insulated switchgear cartel (Siemens / Alstom)

The HCO decision The Hungarian Competition Office (HCO) received one of its first leniency applications back in 2004 from ABB in connection with alleged anti-competitive activities by ABB, Areva, Siemens, Alstom and VA Tech on the gas insulated switchgear (GIS) market. Although the cartel operated on a European level, it ceased its activities before Hungary’s accession to the EU and as such, the European Commission’s parallel investigation did not extend to the Hungarian market. Therefore, the HCO conducted its own investigation, applying the Hungarian Competition Act (and its predecessor) to the case and defining the geographical market as Hungary. The HCO found a single and continuous infringement affecting 12 projects between 1991 and 2004. Of these projects, only two were

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Eszter Ritter, Orsolya Staniszewski, The Hungarian Supreme Court upholds the Competition Authority’s decision and reduces fines in a gas insulated switchgear cartel (Siemens / Alstom), 23 January 2013, e-Competitions January 2013, Art. N° 61083

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