The Dutch Authority applies EU law and finds private equity firms liable for antitrust violations of minority held companies (BCP, CIGL)

The Dutch competition authority (the Authority for Consumers and Markets, or ACM) has issued two decisions imposing fines on private equity firms for the participation of their portfolio company in the so-called flour cartel. The ACM’s decisions apply EU competition law in imposing parental liability for infringements of Article 101 of the Treaty on the Functioning of the European Union (TFEU) on entities that are considered to exercise “decisive influence” over the subsidiary that is alleged to have infringed Article 101. In particular, the decisions confirm, following the EU Commission’s decision in relation to the power-cables cartel that for the first time extended parental liability to a private equity firm, that private equity firms are not exempt from parental liability, fines can

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Auteurs

  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Covington & Burling (Frankfurt)

Citation

Ingrid Vandenborre, Horst Henschen, The Dutch Authority applies EU law and finds private equity firms liable for antitrust violations of minority held companies (BCP, CIGL), 20 novembre 2014, e-Competitions November 2014, Art. N° 73739

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