The EU General Court reduces the fines on steel tube producers and clarifies the Commission’s powers in the context of the geographical scope of infringement (JFE / Nippon / Sumitomo)

THE COURT OF FIRST INSTANCE REDUCES THE FINES IMPOSED BY THE EUROPEAN COMMISSION ON STEEL TUBE PRODUCERS BY 13 MILLION EUROS The Commission was unable to produce evidence covering the entire duration of the infringement By a decision of 8 December 1999, [1] the European Commission ordered eight undertakings (four European and four Japanese companies) producing certain types of seamless carbonsteel pipes and tubes used in the oil industry, to pay fines totalling EUR 99 million for infringing Community competition law. The Commission considered that the companies had entered into an agreement under which each of them undertook not to sell standard-thread pipes and tubes (known as OCTG – Oil Country Tubular Goods) or “Project Linepipe” tubes on the domestic market of any other company

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteur

Citation

General Court of the European Union, The EU General Court reduces the fines on steel tube producers and clarifies the Commission’s powers in the context of the geographical scope of infringement (JFE / Nippon / Sumitomo), 8 juillet 2004, e-Competitions Due Process Research Program, Art. N° 93911

Visites 45

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues