Source: All England Reporter
Publisher Citation: [2001] All ER (D) 175 (Dec)
Court: Court of First Instance of the European Communities (First Chamber)
Judge:

Judges Vesterdorf (President), Vilaras and Forwood

Judgment Dates: 13 December 2001

Catchwords

European Communities - Rules on competition - Agreements preventing, restricting or distorting competition - Spanish steel companies entering into agreement to control price of alloying materials - Commission ruling that agreement constituting illegal price fixing - Commission imposing fine - Company seeking annulment of decision or reduction of fine - Whether on facts Commission in error - ECSC Treaty, arts 47, 65(1).

The Case

In an action brought by a Spanish steel company against a decision by the European Commission holding that it had been in breach of art65 of the ECSC Treaty, the court ruled that the company should have been granted a reduction of the fine of 20% on the basis of its co-operation with the investigation, but otherwise the action would be dismissed.

Practice Areas

If you are a LexisLibrary subscriber you can read more about this case here.