The Italian Administrative Court of First Instance annuls the Competition Authority decision sanctioning a cartel of car manufacturers because of a breach of the parties’ right to a reasonable duration of the proceedings and for failing to characterize the ’by object’ restriction (Car Finance)

On 21 October 2020 the Italian Administrative Court of First Instance ("TAR Lazio") annulled the decision issued by the Italian Competition Authority ("ICA") on 20 December 2018 sanctioning a number of car manufacturers and their "captive banks" in relation to an alleged cartel concerning car financing products. The fines totalling €678 million in this case were previously the highest fines ever imposed by the ICA. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS The ICA must comply with the principle of reasonable duration of proceedings and therefore promptly open the investigation once it has

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Gabriele Accardo, Denis Fosselard, Giulia Carnazza, The Italian Administrative Court of First Instance annuls the Competition Authority decision sanctioning a cartel of car manufacturers because of a breach of the parties’ right to a reasonable duration of the proceedings and for failing to characterize the ’by object’ restriction (Car Finance), 21 octobre 2020, e-Competitions October 2020, Art. N° 99173

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