CASE COMMENTS: PROCEDURES – CARTELS – MODIFICATION

Fines: The General Court of the European Union confirms the Commission decision to reduce the fine of Japanese companies for their participation in the gas insulated switchgear cartel (Toshiba, Mitsubishi Electric)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Court of First Instance validated the method of calculating the fines which it had suggested to the Commission when it partially annulled the decision relating to the gas-insulated switchgear (GIS) cartel in favour of two Japanese undertakings. Mitsubishi and Toshiba were fined approximately EUR 119 million and EUR 91 million respectively in 2007 for their participation, between 1988 and 2004, in the AIG cartel. Those convictions were annulled by the Court of First Instance for breach of the principle of equal treatment, by two judgments delivered in 2011 (CJEU, Mitsubishi Electric v Commission, T-133/07, EU:T:2011:345 and CJEU, Toshiba v Commission,

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  • European Court of Justice (Luxembourg)

Quotation

Pascal Cardonnel, Fines: The General Court of the European Union confirms the Commission decision to reduce the fine of Japanese companies for their participation in the gas insulated switchgear cartel (Toshiba, Mitsubishi Electric), 19 January 2016, Concurrences N° 2-2016, Art. N° 79521, pp. 174-175

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