ALERTS: PROCEDURES - EUROPEAN UNION - FINES – DEFAULT INTEREST

Default interest: The Court of Justice of the European Union confirms the European Commission’s obligation to pay default interest to the wrongly convicted company in addition to the amount of the fine unduly paid (Printeos)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 20 January 2021, the Court of Justice of the European Union delivered its judgment in Case C-301/19 (Printeos, SA v. European Commission).. It rejects the appeal brought by the European Commission seeking the annulment of thejudgment of the Court of First Instance of the European Union of 12 February 2019 in Case T-201/17 (Printeos, SA v. European Commission).The Court of First Instance had held the European Union non-contractually liable for the Commission's actions following the annulment by the Court of First Instance of a sanction decision adopted by the Commission. On the other hand, the Court of Justice of the Union upholds the cross-appeal

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Default interest: The Court of Justice of the European Union confirms the European Commission’s obligation to pay default interest to the wrongly convicted company in addition to the amount of the fine unduly paid (Printeos), 20 January 2021, Concurrences N° 2-2021, Art. N° 98827, www.concurrences.com

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