A German District Court dismisses a company attempt to have its former subsidiary ordered to pay a fine imposed by the European Commission (Evonik Degussa, Stahl-Metallurgie)

On 16 March 2011, the German District Court of Munich handed down a judgment in which it rejected a claim by Evonik Degussa GmbH (“Evonik”) that its former subsidiary SKW Stahl-Metallurgie GmbH (“SKW”) should be ordered to pay the € 1.04 million fine which the European Commission had imposed on both companies as a result of SKW‘s involvement in the calcium carbide cartel. The Commission had held Evonik and SKW jointly and severally liable for the payment of the fine which related to a period of the infringement when they constituted a single undertaking. Evonik argued before the District Court that its former subsidiary should alone bear the consequences of the infringement as it had been

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • Van Bael & Bellis (Brussels)

Quotation

Martin Favart, A German District Court dismisses a company attempt to have its former subsidiary ordered to pay a fine imposed by the European Commission (Evonik Degussa, Stahl-Metallurgie), 16 March 2011, e-Competitions Bulletin March 2011, Art. N° 41145

Visites 62

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues