How High (and Far) Can You Go? On Setting Fines in Cartel Cases Involving Vertically-Integrated Undertakings and Foreign Sales
37(3) European Competition Law Review 99-107 (2016)
15 Pages Posted: 8 Mar 2016 Last revised: 16 Sep 2016
Date Written: March 1, 2016
This article examines the recent developments concerning the treatment of internal sales (intra-group or captive sales) in the process of setting fines for violations of EU Competition Law. In particular, it looks into Guardian Industries, LG Display and InnoLux, in which the Court of Justice recognised the European Commission’s right to take into account internal sales, also in the transnational setting (when infringement-affected components are sold and incorporated into the finished products outside the EU), and to impose fines which more accurately reflect the scale and significance of the investigated infringements.
Keywords: antitrust, competition law, fines, law enforcement, cartels, penalties, intra-group sales, captive sales, extraterritorial, extraterritoriality
JEL Classification: K21, K33, K42, L40, L41, L44
Suggested Citation: Suggested Citation