ArcelorMittal disputes reissued steel beams cartel fine before CFI
By Mike Gordon ( November 6, 2008, 12:49 GMT | Insight) -- ArcelorMittal yesterday continued its fourteen-year campaign to challenge fines levied against it for a steel beam cartel in the early 1990s. At a hearing before the Court of First Instance on Wednesday, the company said the European Commission was wrong to readopt in 2006 its 1994 decision that had been found at fault by the EU courts. The commission could no longer rely on provisions of the expired European Coal and Steel Community treaty, had wrongly implicated several subsidiaries, and couldn't introduce charges 15 years after the fact, the company argued.ArcelorMittal yesterday continued its fourteen-year campaign to challenge fines levied against it for a steel beam cartel in the early 1990s. At a hearing* before the Court of First Instance on Wednesday, the company said the European Commission was wrong to readopt in 2006 its 1994 decision that had been found at fault by the EU courts. The commission could no longer rely on provisions of the expired European Coal and Steel Community treaty, had wrongly implicated several subsidiaries, and couldn't introduce charges 15 years after the fact, the company argued....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline