The European Court of Justice substantially reduces fine imposed in 2001 on a chemical company for its participation in a cartel on the citric acid market (Archer Daniels Midland)

On 9 July 2009, the European Court of Justice (ECJ) partially upheld an appeal brought by Archer Daniels Midland (ADM) against a judgment of the Court of First Instance (CFI) of 27 September 2006. As a result, the € 39 million fine that the Commission had imposed on ADM in 2001 for its participation in a cartel on the citric acid market was considerably reduced to € 29.4 million. In its judgment, the ECJ

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The European Court of Justice substantially reduces fine imposed in 2001 on a chemical company for its participation in a cartel on the citric acid market (Archer Daniels Midland), 9 July 2009, e-Competitions Bulletin July 2009, Art. N° 42184

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