The European Commission appeals a Belgian Court’s judgement in a cartel damages case (Otis, KONE, Schindler, ThyssenKrupp)

European Commission’s damages litigation illustrates challenges in domestic regimes pre-implementation of the Damages Directive* In January 2015 the European Commission announced its intention to appeal a judgment of the Belgian Commercial Court which dismissed the Commission’s claim for €6 million of damages against Otis, KONE, Schindler and ThyssenKrupp. The Court’s decision illuminates the importance of changes brought about by the recently implemented Damages Directive. Background On 27 February 2007 the European Commission (“EC”) fined four manufacturers of elevators and escalators €992 million. It found that Otis, Schindler, KONE and ThyssenKrupp were involved in four separate cartels in Germany, Belgium, the Netherlands and Luxembourg. From 1995 to 2005 the companies rigged

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Auteur

  • Hausfeld (London)

Citation

Anthony Maton, The European Commission appeals a Belgian Court’s judgement in a cartel damages case (Otis, KONE, Schindler, ThyssenKrupp), 1er janvier 2015, e-Competitions January 2015, Art. N° 72562

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