EC Targets Paraffin Wax Cartel

Law360, New York (June 1, 2007, 12:00 AM EDT) -- The European Commission said Friday that it has sent a statement of objections to a number of unnamed companies for their alleged participation in an anti-competitive paraffin waxes cartel.

“The European Commission can confirm that a statement of objections has been sent to a number of companies active in the paraffin waxes industry alleging that they violated Article 81 of the EC Treaty and Article 53 of the Agreement on the European Economic Area, which ban cartels and restrictive business practices,” the EU regulator said....
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