CASE COMMENTS: CARTELS – EUROPEAN UNION – FINES – VALUE OF SALES – EQUAL TREATMENT

Fines: The Court of Justice of the European Union dismisses the appeals against three judgements of the General Court of the European Union and confirms the determination, by the European Commission, of the value of the sales to reflect the weight of the European and non-European participants in the underground and submarine power cables cartel (Viscas, Furukawa, Fujikura)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. In the case of the power cable cartel, two judgements are eagerly awaited. One will soon be pronounced in an appeal by Goldman Sachs. Broadly speaking, the Court will be asked to rule on the extension of the presumption of control of a parent company in the event that it does not hold all or almost all of the share capital of a subsidiary, but in the event that it holds all of the voting rights. The Court's position on this sensitive issue cannot be anticipated at this stage. One thing is certain: it will be read. The second concerns an appeal brought by Nexans. The latter raises equally salient issues with regard to the Commission's

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  • European Court of Justice (Luxembourg)

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Etienne Thomas, Fines: The Court of Justice of the European Union dismisses the appeals against three judgements of the General Court of the European Union and confirms the determination, by the European Commission, of the value of the sales to reflect the weight of the European and non-European participants in the underground and submarine power cables cartel (Viscas, Furukawa, Fujikura), 19 December 2019, Concurrences N° 2-2020, Art. N° 94720, pp. 70-71

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