Severing Parent Liability For Cartel Infringements By Employees Of Subsidiaries

We have previously  discussed the Akzo Nobel case,  in which the European Court of Justice (“ECJ”)  clarified the presumption of joint and several liability of parent companies for cartel infringements committed by their wholly-owned subsidiaries. The attribution of liability has major implications for the amount (up to 10 percent of global turnover ) and payment of any fines imposed by the European Commission (the “Commission” or “EC”) fo