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Ernst & Young Financial Business Advisors strikes court victory over cartel fine in Italy

( November 14, 2018, 11:26 GMT | Official Statement) -- MLex Summary: Ernst & Young Financial Business Advisors has successfully appealed a fine that Italy's antitrust watchdog last year imposed on it, together with its parent Ernst & Young, for having rigged bids during public tenders for public administration support services. The administrative court in Rome sided with the company in mid-October, and scrapped the watchdog's decision to impose the fine, which totaled 8.56 million euros. The court said there was no proof of "unitary behavior" of the legal persons of the "network," which would have made it possible to consider their belonging to the same "enterprise" under an "antitrust profile." The ruling was handed down on Oct. 17, but only published on Nov. 14.Pubblicato il 14/11/2018...

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