ALERTS: PROCEDURES - EUROPEAN UNION - CARTEL - FINE - BANKING SECTOR

Fine: The Court of Justice of the European Union confirms the General Court’s approach to the insufficient reasoning for the calculation of the fine imposed on the facilitator of the cartel on interest rate derivatives denominated in yen (Icap)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 10 July 2019, the Court of Justice of the European Union delivered its judgment in Case C-39/18 (European Commission v. NEX International Limited and others).. It rejects the Commission's appeal in its entirety and thus confirms the approach adopted by the Court of First Instance of the European Union in its judgment of 10 November 2017 in relation to the inadequate statement of reasons for the calculation of the fine.. It will be recalled that, in that case, the Tribunal had partially set aside the decision rendered on February 4, 2015.The Commission had imposed a fine of EUR 14.9 million on the broker ICAP for its participation in, or rather

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Fine: The Court of Justice of the European Union confirms the General Court’s approach to the insufficient reasoning for the calculation of the fine imposed on the facilitator of the cartel on interest rate derivatives denominated in yen (Icap), 10 July 2019, Concurrences N° 4-2019, Art. N° 91117, www.concurrences.com

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