The EU General Court dismisses an undertaking’s application seeking the reimbursement of interests paid for being late in paying a cartel fine due to its involvement in the industrial bags cartel (Trioplast)

GENERAL COURT OF THE EU DISMISSES TRIOPLAST APPLICATION SEEKING REIMBURSEMENT OF INTEREST PAID FOR BEING LATE IN PAYING CARTEL FINE* With a judgment handed down on 12 May 2016 (Case T-669/14, Trioplast Industrier AB v. European Commission), the General Court of the European Union (GCEU) dismissed an action brought by Trioplast Industrier AB (Trioplast Industrier) claiming the annulment of an alleged decision by the European Commission (EC) to ask Trioplast Industrier to pay interest for the late payment of a fine imposed on it for its involvement in the industrial bags cartel. The case shows that when handed a fine, interest begins to accrue regardless of whether the fine is

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

Quotation

Louise Aberg, The EU General Court dismisses an undertaking’s application seeking the reimbursement of interests paid for being late in paying a cartel fine due to its involvement in the industrial bags cartel (Trioplast), 12 May 2016, e-Competitions May 2016, Art. N° 92788

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