The German Federal Court of Justice confirms compliance of the key provision on fining of cartel law violations with the constitution (Grauzementkartell)

In its decision of 26 February 2013, which was published on 10 April 2013, the German Federal Court of Justice (“FCJ”) inter alia had to decide on the constitutionality of the key provi-sion on the fining of cartel law violations. The FCJ not only confirmed the constitutionality of this fining provision but also made clear that the limitation of the fine to 10% of the turnover of the respective company should not be regarded as a capping threshold, but as a maximum value within a range of fines. The proceedings in the cement cartel have now been concluded with fines amounting to a total of EUR 380 million, the highest fine ever imposed in a proceeding of the German Federal Cartel Office (“FCO”). Andreas Mundt, president of the FCO, already emphasized that the calculation method prescribed

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Auteur

  • Commeo (Frankfurt)

Citation

Isabel Oest, The German Federal Court of Justice confirms compliance of the key provision on fining of cartel law violations with the constitution (Grauzementkartell), 26 février 2013, e-Competitions February 2013, Art. N° 52240

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