The Finnish Supreme Court rules that economic succession is applicable to parent companies with respect to liability for competition damages caused by their acquired companies (Asphalt cartel)

On 22 October 2019, the Supreme Court issued a significant precedent in a competition damages case based on the so-called asphalt cartel. The Supreme Court had granted the City of Vantaa leave to appeal concerning the question of whether a company that is the sole shareholder in a company participating in the cartel and to which the business operations of the company participating in the cartel has been transferred in liquidation proceedings is liable for the damage caused by the company participating in the cartel. PRELIMINARY RULING OF THE CJEU The Supreme Court referred the question to the Court of Justice of the European Union for a preliminary ruling. In the spring of 2019, the CJEU gave its ruling, in which it deemed that EU law is directly applied to the question and the

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Marcus Blomfelt, The Finnish Supreme Court rules that economic succession is applicable to parent companies with respect to liability for competition damages caused by their acquired companies (Asphalt cartel), 22 October 2019, e-Competitions October 2019, Art. N° 101960

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