EU: General Court rejects optical disk drive appeals

EU: General Court rejects optical disk drive appeals

On Friday, July 12, the EU’s General Court rejected appeals from five members of the optical disk drive cartel to have their collective fines of €116 million (US$130.7 million) annulled or reduced. By a decision of October 21, 2015, the European Commission found that several undertakings had participated in a cartel on the optical disk […]

EU: Commission opens investigation into Fehmarnbelt financing

EU: Commission opens investigation into Fehmarnbelt financing

An investigation has been launched into whether the public financing model for the Fehmarnbelt road and rail link is in line with European Union rules. The European Commission’s investigation will look into Denmark’s public financing model for the fixed rail-road link between Denmark and Germany. The decision to investigate follows the EU General Court’s annulment […]

EU: Vestager appeals ruling over Italy’s bank rescue

EU: Vestager appeals ruling over Italy’s bank rescue

The European Commission appealed against an EU court ruling that ratified the rescue of a small Italian lender, in a move that pits the bloc’s antitrust chief Margrethe Vestager against Italy’s euroskeptic government. The decision is a blow to Italian banks that were considering filing compensation claims against the Commission after the EU court verdict […]

EU: EC fines Barclays, Citi, JP Morgan, MUFG and RBS US$1.2B for FX rigging

EU: EC fines Barclays, Citi, JP Morgan, MUFG and RBS US$1.2B for FX rigging

Barclays, Citigroup, JP Morgan, MUFG, and Royal Bank of Scotland were fined a combined €1.07 billion (US$1.2 billion) by the European Union on Thursday, May 16, for rigging the multi-trillion dollar foreign exchange market, reported Reuters. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of […]

EU: Commission approves Liberty House Group purchase of part of ArcelorMittal

EU: Commission approves Liberty House Group purchase of part of ArcelorMittal

The European Commission has approved Liberty House Group as a suitable purchaser of several ArcelorMittal steel plants, sold under commitments made by ArcelorMittal in order to buy Ilva. The Commission has also approved the transaction itself under EU merger rules. In May 2018, the Commission approved the acquisition of Ilva by ArcelorMittal, subject to conditions. […]

EU: Commission approves €5B Polish support for cogenerated electricity

EU: Commission approves €5B Polish support for cogenerated electricity

The European Commission has approved under EU State aid rules (1) a Polish scheme to support high-efficiency cogeneration and (2) reduced surcharges to finance the scheme for energy-intensive users. It also (3) opened an investigation into reduced surcharges to finance Poland’s capacity mechanism. Commissioner Margrethe Vestager, in charge of competition policy, said, “The Polish support […]

EU: Facebook to change the rules for providing services

EU: Facebook to change the rules for providing services

The European Commission and EU Member States have negotiated a change to the terms of providing services by Facebook. There was doubt about the lack of clear information about how Facebook uses personal data of its users, and the rules concerning the company’s liability. On Thursday, April 11, the European Commission announced the effect of […]

UK: CMA clears RWE purchase of stake in E.ON

UK: CMA clears RWE purchase of stake in E.ON

Britain’s Competition Markets Authority (CMA) announced on Monday, April 8, it had cleared German utility RWE’s purchase of rival E.ON’s renewables business and nuclear electricity generation assets, reported Reuters. Under the deal, RWE will take a 16.7% minority stake in E.ON. “The CMA has decided, on the information currently available to it, not to refer […]

EU: EC charges Valve and steam with geo-blocking games

EU: EC charges Valve and steam with geo-blocking games

Two years after the EU began investigating whether Valve uses regional pricing and geo-blocking practices in its Steam store, the European Commission has formally charged the distributor and five game publishers. The Commission released its “preliminary view” thatValve, Bandai Namco, Capcom, Focus Home, Koch Media and ZeniMax prevented consumers from purchasing videogames cross-border from some Member […]