The European Court of Justice has issued its judgment in Deutsche Telekom confirming that the European Commission must pay “a standard rate” of interest to companies that have been awarded a reduction or annulment of their antitrust fine on appeal. The European Commission must now apply this clear ruling to a number of claims for…
In May 2024, the Danish Parliament adopted a major overhaul of the Danish Competition Act, including introducing higher fines, a new competition tool, and a merger call-in option, effective from 1 July 2024. In particular, the call-in option will have drastic consequences, and in the future all mergers involving Danish activities could potentially become notifiable….
Introduction In April 2024, the President of the Office of Competition and Consumers Protection (the “PCA”) introduced new guidelines for setting fines in antitrust cases (the “Guidelines”). The Guidelines are the only document of this type issued by the PCA. Other fields of actions of the PCA, e.g. violations of consumer law, do not have…
After almost three years since the Commission sent Apple its statement of objections, which was significantly trimmed down, the Commission reached a finding of abuse for which it imposed a whopping fine of 1.8 billion euros. Alongside this case, Apple was also involved in an almost identical case running parallel in the Netherlands, with similar…
On 22 September 2023, the European Commission adopted a decision imposing a fine of €376.36 million on microprocessor manufacturer Intel. This decision relates to the facts that had already been sanctioned in an earlier decision of 13 May 2009. How can this apparent inconsistency be explained? In fact, the first decision was annulled in January…
Introduction On 6 November 2023, the Austrian Federal Competition Authority (“FCA“) published its updated standpoint on settlements. The original standpoint dates back to 2014. Shortly after the first settlement at the European level had taken place in 2010, Austria had its first settlement in the “brewery case” in 2012. This was quickly followed by a…
On 16 September 2022 came into force the amendments to the Portuguese Competition Act introduced by Law no. 17/2022, of 17 August which also modifies the bylaws of the Competition Authority (PCA). This is the third amendment to the 2012 Competition Act, and the first amendment to the PCA bylaws. Law no. 17/2022 transposes the…
The long-awaited Google Android decision is out (see the press release here or the full text here). The General Court has dismissed Google’s action almost in its entirety, slightly reducing the record fine from 4.343 billion euros to (still a record) 4.125 billion euros. This post gives a very first overview of the judgment and…
In July, we outlined the new Government’s Competition and Consumer Law policy initiatives (click here). The Government has now moved forward with one of these initiatives, publishing for consultation a draft bill and related explanatory materials (click here), seeking very substantial increases to the maximum penalties for breaches of the Competition and Consumer Act 2010…
