EU Judgment Confirms Potential of High Cartel Fines for Vertically Integrated Multinational Companies
On 9 July 2015, the Court of Justice of the European Union (“ECJ”) issued an important judgment[1] concerning the basis on which cartel fines by the European Commission should be calculated for vertically integrated companies. The judgment endorses the power of the European Commission to impose large fines on multinational companies operating at various levels…