Schneider Floodgates Open for Claims against Commission?

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Sebastian McMichael, John Schmidt, Aug 07, 2007

Introduction

On July 11, 2007 the European Court of First Instance (CFI) ruled that Schneider Electric SA should be compensated for some of the losses suffered following the European Commission’s unlawful prohibition of its merger with Legrand SA in 2001. The CFI’s decision is undoubtedly historic. It is the first case in which damages have been awarded against the Commission for getting a merger wrong. The question is whether this will herald a change in the court’s hitherto r…

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