The Dusseldorf Court of Appeal may not rule on the appeals against the NCA’s decision having fined € 150 M industrial property insurance undertakings, following withdrawal of appeals by three industrial insurers ("Pilot proceedings " - HDI, AXA Versi)

Background All parties involved in the so called “pilot proceeding” before the Dusseldorf Court of Appeal started in March 2009 (HDI Haftpflichtverband der Deutschen Industrie V.a.G., AXA Versicherung AG and Gothaer Allgemeine Versicherung AG) have withdrawn their appeals against the FCO's fining decision of March 2005. In this decision, the FCO fined 18 industrial insurers and 22 directors approximately 150 million Euro. The alleged infringement was said to have had a nationwide and

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  • Mutze Korsch Rechtsanwaltsgesellschaft (Düsseldorf)

Quotation

Kerstin Pallinger, The Dusseldorf Court of Appeal may not rule on the appeals against the NCA’s decision having fined € 150 M industrial property insurance undertakings, following withdrawal of appeals by three industrial insurers ("Pilot proceedings " - HDI, AXA Versi), 15 July 2009, e-Competitions Bulletin July 2009, Art. N° 27447

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