CASE COMMENTS: PROCEDURES – EUROPEAN UNION – CARTELS – REIMBURSEMENT OF A FINE – INTERESTS PAYMENT

Reimbursement: The General Court of the European Union holds the European Commission liable for the payment of interests in addition to the reimbursement of a fine unduly imposed to an undertaking (Printeos)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. When the Court of First Instance orders the annulment of a fine, the Commission is naturally required to repay the amount of the fine, together with interest to reflect the value of the money over time. What happens when, in an environment characterised by negative interest rates, the Commission is unable to earn any return on these funds? In the present case, Printeos was fined EUR 4.7 million for its participation in the cartel of envelopes (Decision C(2014)9295 final). The contested decision

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  • European Court of Justice (Luxembourg)

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Pascal Cardonnel, Reimbursement: The General Court of the European Union holds the European Commission liable for the payment of interests in addition to the reimbursement of a fine unduly imposed to an undertaking (Printeos), 12 February 2019, Concurrences N° 2-2019, Art. N° 90467, pp. 150-151

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