EU Court Repeals €85M Fine For Italian Cartel

Law360, New York (October 25, 2007, 12:00 AM EDT) -- A European court on Thursday repealed an €85 million fine the European Commission levied against 11 Italian companies accused of arranging a cartel in the market for concrete reinforcement bars for over a decade.

The EC's decision was based on a law that had expired when the Commission imposed the fine in December 2002, the European Court of First Instance ruled on Thursday.

“The court makes clear that the provision constituting the legal basis of a measure and enabling the community institution to adopt it must...
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