The European Court of Justice partly annuls Court of First Instance’s judgment awarding damages to an industrial group (Schneider)

On 16 July 2009, the European Court of Justice (ECJ) ruled on the Commission’s appeal against the judgment of the Court of First Instance (CFI) of 11 July 2007 in the Schneider/Legrandsaga. The CFI judgment was the first time that compensation has been awarded for errors committed by the Commission in merger control proceedings. Previous attempts to obtain damages have generally failed due to the high threshold that must be met before an error by the Commission is considered to be sufficiently serious as to give rise to compensation. Schneider and Legrand are two large French industrial groups active in the production of electrical equipment. In 2001, Schneider acquired Legrand by means of a public bid but was subsequently ordered by the Commission to divest its stake in

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Auteur

  • Court of First Instance of Namur (Namur)

Citation

Martin Favart, The European Court of Justice partly annuls Court of First Instance’s judgment awarding damages to an industrial group (Schneider), 16 juillet 2009, e-Competitions July 2009, Art. N° 42220

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