Electrabel Fights Ruling Over €20M Merger Notification Fine

Law360, New York (May 7, 2013, 3:38 PM EDT) -- Electrabel SA has appealed a court ruling that upheld a €20 million ($26.2 million) fine over the company’s failure to alert the European Commission when it took control of a French energy company, according to a notice Saturday in Europe’s official journal.

GDF Suez SA unit Electrabel lodged an appeal of a December European Union General Court ruling that kept in place a penalty handed down by the European Commission, arguing, among other things, that the court inappropriately applied certain merger control provisions retroactively, an EU...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

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.