CASE COMMENTS: ANTICOMPETITIVE AGREEMENTS - AGENCY CONTRACT – IMPUTATION OF THE BEHAVIOUR OF THE AGENT TO THE PRINCIPAL

Fine reduction : The General Court of the European Union recalls the conditions of imputability to the principal of an agent’s competition infringement but reduces a disproportionate fine (Voestalpine)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Would trust preclude control? Following the judgment of the Court of First Instance of 15 July 2015 in Case T-418/10, it seems that, under EU competition law, such a question must be answered in the negative, at least as regards the relationship between a company and its commercial agent. In the present case, the applicants, Austria Draht, a subsidiary of Voestalpine, were jointly and severally punished for participating in a cartel on the prestressing steel market, in particular for their participation in one of the regional cartel agreements in Italy. In determining the subsidiary's liability, the Commission had considered that the company had

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Etienne Thomas, Fine reduction : The General Court of the European Union recalls the conditions of imputability to the principal of an agent’s competition infringement but reduces a disproportionate fine (Voestalpine), 15 July 2015, Concurrences N° 4-2015, Art. N° 76305, pp. 113-114

Visites 186

All reviews