Relaxing whilst doing Competition Law is not an Oxymoron

Archive for July 1st, 2010

Oops!… I did it again

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Yesterday in a cartel case, the Commission fined 17 producers of prestressing steel a total of € 518 470 750 and again

accepted three inability-to-pay applications and granted reductions of respectively 25%, 50% and 75% of the fine that would otherwise have been imposed. It had received 13 such applications, under the Commission’s 2006 Fines Guidelines“.

Is this Almunia-driven? Thanks to Kit Brown for pointing out to this intriguing development.

(Image possibly subject to copyrights: source here)

Written by Nicolas Petit

1 July 2010 at 11:33 am