The Cost Of Compliance: Breaking Seals In Dawn Raids
December 14, 2012, 12:48 PM EST
Law360, New York (December 14, 2012, 12:48 PM EST) -- The Court of Justice of the European Union has dismissed an appeal by the German energy company E.ON Energie AG against a lower court’s judgment upholding a European Commission decision imposing a fine of €38 million (approximately $49 million) on E.ON for breaking a seal during an EU competition inspection or “dawn raid.”
The practices at issue involving E.ON in this case are not isolated areas of commission enforcement; or is the case unique to the energy sector. It is an example of a number of...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.