The EU Court of Justice confirms the scope of liability for investors in companies involved in cartels (Goldman Sachs)

Slater, Donald; Cuninghame, Neil

Previous article The EU Court of Justice confirms that a parent company is jointly liable for the conduct of a former subsidiary involved in a cartel in the high-voltage power cable sector (Goldman Sachs) Next article The EU Court of Justice rules that the duration of an infringement in the case of bid-rigging ends once the essential characteristics of the public tender are determined (Eltel)

27 Jan 2021

The EU Court of Justice confirms the scope of liability for investors in companies involved in cartels (Goldman Sachs)

KEYWORDS

Reference

EU Court of Justice, Goldman Sachs, case C‑595/18 P , 27 January 2021

On 27 January 2021, the Court of Justice of the European Union ("the Court") upheld the €37.3 million fine imposed on Goldman Sachs as a result of the involvement of portfolio company Prysmian in the power cables cartel. The ruling has held that in the circumstances of this case, Goldman Sachs, the manager of the investing fund, could incur parental liability for the competition law infringement of Prysmian. WHAT YOU NEED TO KNOW - KEY TAKEAWAYSPrivate equity and other "financial" investor entities can in

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

Authors

Donald Slater
Ashurst (Brussels)

Belgium 36 contributions 8362 visits
Neil Cuninghame
Ashurst (London)

United Kingdom 18 contributions 6008 visits

Quotation

Donald Slater, Neil Cuninghame, The EU Court of Justice confirms the scope of liability for investors in companies involved in cartels (Goldman Sachs), 27 January 2021, e-Competitions Utilities & Cartels, Art. N° 99190

Visites 192