On 14 May 2020, the Court of Justice of the European Union (the “Court of Justice”) partly set aside a judgment of the General Court dismissing the action brought by NKT Verwaltungs GmbH (formerly nkt cables GmbH) and NKT A/S (formerly NKT Holding A/S) (together, “NKT”) in the Power Cables cartel case. As a result, the Court of Justice reduced the fine imposed on NKT by € 200,000. By way of background, in 2014, the European Commission (the “Commission”) adopted a decision in which it imposed fines totalling € 302 million on a number of producers of underground and submarine high voltage power cables for their involvement in a customer and market allocation cartel. NKT was fined € 3,887,000 for its involvement in the infringement. In its decision,
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The EU Court of Justice partially annuls the General Court power cables cartel decision and reduces the fine imposed by €200,000 (NKT)
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