The European Court of First Instance hands down judgment reducing fines in monochloroacetic cartel case (Hoechst)

On 30 September 2009, the Court of First Instance (“CFI”) handed down a judgment reducing the fine imposed by the European Commission on Hoechst GmbH for its participation in a market-sharing and price-fixing cartel on the monochloroacetic acid market in violation of Article 81 EC. In its judgment, the CFI considered that the Commission had failed to take into account under its 1996 Leniency Notice [1] that Hoechst had not contested the facts on which the Commission had based its objections. However, the CFI upheld the fines imposed by the Commission on Akzo Nobel, Elf Aquitaine and Arkemain the same case. On 19 January 2005, the Commission issued a decision finding that, between 1984 and 1999, Akzo Nobel NV and its Dutch and Swedish subsidiaries, Elf Aquitaine and its subsidiary

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The European Court of First Instance hands down judgment reducing fines in monochloroacetic cartel case (Hoechst), 30 September 2009, e-Competitions Bulletin September 2009, Art. N° 41720

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