EC Win In Merger Fine Case Puts Companies On Notice

Law360, New York (December 12, 2012, 8:09 PM EST) --  A European Union court upheld a €20 million ($26 million) fine Wednesday against GDF Suez SA unit Electrabel for failing to alert the bloc's antitrust watchdog when it took control of a French energy company, a ruling attorneys say sets a precedent for the agency to slap companies with big penalties for unintentional merger notification breaches regardless of whether the mergers are anti-competitive.

The EU General Court rejected a request from Electrabel, Belgium's largest electricity supplier, to overturn or trim the 2009 penalty. The European Commission...
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