The German Competition Authority holds that the managing director of a steel producer cannot be held liable for fines imposed on the company by the Federal Cartel Office (ThyssenKrupp)

I. The Facts In 2012 and 2013 the German Federal Cartel Office (FCO) imposed heavy fines on numerous companies and individuals for participating in a cartel in the rail industry. Among the companies fined were subsidiaries of the large German steel-producing group, ThyssenKrupp, which had to pay a total of EUR 191 million. In the aftermath of the FCO’s decision, ThyssenKrupp settled a follow-on damages claim by a customer (Deutsche Bahn AG) and consequently paid approximately EUR 150 million to them. In turn, ThyssenKrupp claimed reimbursement of the fines and of the settlement sum paid to Deutsche Bahn AG from one of the former managing directors of the subsidiary concerned, whom it considered to have actively participated in the anticompetitive behaviour. The defendant had been a

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Auteurs

  • Hogan Lovells (Munich)
  • Freshfields Bruckhaus Deringer (Berlin)

Citation

Christian Ritz, Ilka Mauelshagen, The German Competition Authority holds that the managing director of a steel producer cannot be held liable for fines imposed on the company by the Federal Cartel Office (ThyssenKrupp), 20 janvier 2015, e-Competitions January 2015, Art. N° 74676

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