CASE COMMENTS: PROCEDURES – CARTEL – INTERESTS

Fines: The General Court of the European Union rules inadmissible an action for annulment directed at a request for interests payment on fine (Trioplast Industrier)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Trioplast Wittenheim (TW) is one of the companies involved in the industrial bags cartel. In 2005, the Commission imposed a fine of EUR 17.85 million on TW. In 2010, its parent company, Trioplast Industrier (TI), which had been held jointly and severally liable for TW's conduct in an amount of EUR 7.73 million, obtained a reduction of this fine to EUR 2.73 million (judgment of 13 September 2010, Trioplast Industrier v Commission, T40/06, Case T-105/06)., EU:T:2010:388). TI had provided a bank guarantee in an amount lower than the original fine but higher than the fine as revised by the Court. In order to implement the decision of the General Court

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  • European Court of Justice (Luxembourg)

Quotation

Pascal Cardonnel, Fines: The General Court of the European Union rules inadmissible an action for annulment directed at a request for interests payment on fine (Trioplast Industrier), 12 May 2016, Concurrences Nº 3-2016, Art. N° 80969, pp. 144-145

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