The EU General Court upholds a €131 million fine imposed by the Commission on two undertakings for participating in a cartel in the gas insulated switchgear market (GIS cartel)

THE GENERAL COURT OF THE EU UPHOLDS CARTEL FINES OF €131M IMPOSED ON TOSHIBA AND MITSUBISHI ELECTRIC, DISMISSES ARGUMENTS BASED ON PRINCIPLE OF EQUAL TREATMENT* By two judgments of January 19, 2016 (Case T-404/12 Toshiba v. Commission and Case T-409/12 Mitsubishi Electric v. Commission), the General Court of the European Union (GCEU) upheld the fines of €131 million imposed by the European Commission (EC) on Toshiba and Mitsubishi for their participation in a cartel on the market for gas insulated switchgear (GIS), dismissing a line of reasoning essentially based on the principle of equal treatment. The cartel, involving 20 European and Japanese undertakings, consisted in an agreement between competitors with the objective of coordinating the commercial activity worldwide of the

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  • United Kingdom’s Competition Authority - CMA (London)

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Louise Aberg, The EU General Court upholds a €131 million fine imposed by the Commission on two undertakings for participating in a cartel in the gas insulated switchgear market (GIS cartel), 19 January 2016, e-Competitions January 2016, Art. N° 92826

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