CASE COMMENTS : ANTICOMPETITIVE PRACTICES – ARTICLE 101 TFEU – ACCOUNTABILITY – PARENT-SUBSIDIARY RELATIONSHIP – FINES

Accountability - Fines: The General Court confirms that the increase of the fine due to dissuasion is to be evaluated the day the fine is given and therefore reduces by half an undertaking’s fine (Arkema)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Trib. EU, June 7, 2011, Arkema France and others v. Commission, Case T-217/06, "Methacrylates". The Court of First Instance of the European Union was called upon to rule on a new times, in cases T-206/06 and T-217/06, on Arkema's conduct, a subsidiary at the time of the events of Total SA and Elf Aquitaine SA. All three had been condemned by the Commission on 31 May 2006 for taking part in to the methacrylate cartel. Arkema and its subsidiaries had been awarded a fine of EUR 219.1 million, while Total, which has been at the head of the group since April 2000, and Elf Aquitaine, which held more than 96% of the share capital of Arkema for the duration of

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  • L’actu-concurrence (Paris)

Quotation

Alain Ronzano, Accountability - Fines: The General Court confirms that the increase of the fine due to dissuasion is to be evaluated the day the fine is given and therefore reduces by half an undertaking’s fine (Arkema), 7 June 2011, Concurrences N° 3-2011, Art. N° 54547, “www.concurrences.com”

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