The EU Court of Justice reduces fine imposed on a company in the steel abrasives cartel case (Pometon)

On 18 March 2021, the European Court of Justice (“ECJ”) delivered its judgment in Pometon SpA v European Commission (Case C-440/19) in connection with the Steel Abrasives cartel case. In its judgment, the ECJ partially upheld the appeal in so far as it found that the General Court had breached the principle of equal treatment in calculating the fine imposed on Pometon SpA. The ECJ considered that the basic amount of the fine had to be reduced by 83% (instead of 75%, as determined by the General Court) and set at € 2.6 million, thus following the opinion issued last year

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Authors

  • Van Bael & Bellis (Brussels)
  • Van Bael & Bellis (Brussels)

Quotation

Michael Clancy, Samuel Hall, The EU Court of Justice reduces fine imposed on a company in the steel abrasives cartel case (Pometon), 18 March 2021, e-Competitions March 2021, Art. N° 100244

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