On July 9, 2015, the EU’s top court, the EU Court of Justice (CJEU), rendered its long-awaited ruling in the Innolux - LCD cartel appeal. The Innolux case is effectively the EU counterpart of the U.S. Motorola litigation in that it concerns fundamental issues of antitrust jurisdiction over foreign commerce. In the Innolux ruling, the CJEU affirmed the European Commission’s extension of its enforcement powers to impose fines based on foreign sales of cartelized components, where those components were transformed within the same corporate group of companies into finished products that were in turn sold to customers in the EU. The Innolux ruling has far-reaching implications for global vertically-integrated conglomerates: (i) it confirms that they can face significant antitrust exposure
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The EU Court of Justice rules on the expansion of jurisdiction to impose fines based on foreign sales of cartelized components (Innolux)
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