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Antitrust

#Antitrust – Muling pinagtibay ng Komisyon ang desisyon at pinagmulta ang limang producer ng nagpapatibay ng mga steel bar €16 milyon para sa kartel sa pag-aayos ng presyo

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The European Commission has re-adopted a cartel decision against five Italian manufacturers of reinforcing steel bars for concrete, namely AlfaAcciai, Feralpi Holding, Ferriere Nord, Partecipazioni Industriali (Riva Fire) and Valsabbia Investimenti / Ferriera Valsabbia. In its decision, the Commission has imposed total fines of €16,074,000 for the companies’ participation in a price fixing cartel between December 1989 and July 2000.

Ang kartel ay naging paksa ng dalawang nakaraang desisyon ng Komisyon. Noong Disyembre 2002, pinagtibay ng Komisyon ang isang desisyon imposing fines on eight steel manufacturers and the Italian steel manufacturers’ association. The General Court annulled this decision in October 2007. In September 2009, the Commission re-adopted a desisyon imposing fines on all eight companies. In December 2014, the General Court upheld the 2009 decision, which became final for the three companies that did not appeal. In September 2017, the Court of Justice set aside the General Court’s judgments and annulled the 2009 Commission decision. Both the General Court annulment of the Commission’s 2002 decision and the Court of Justice annulment of the Commission’s 2009 decision were based on procedural grounds. The newest decision addresses this issue and re-imposes fines on the five manufacturers. The re-adoption of this decision is based on the public interest in pursuing an effective and deterrent enforcement against cartels. The re-adopted decision includes an exceptional 50% fine reduction for all five companies. This is in recognition of the long duration of proceedings  which is  not attributable to the companies involved. The decision will be made available under case number 37956 nasa pampublikong case magparehistro sa Komisyon cpagsabog website. More information on the Commission’s action against cartels is available in the seksyon ng cartels ng website ng kompetisyon.

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