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Deutsche Telekom shouldn’t get ‘default interest’ on repaid fine, EU legal opinion says

By Lewis Crofts ( November 23, 2023, 10:21 GMT | Insight) -- EU antitrust enforcers got a boost today in their quest to limit the economic fallout of losing antitrust cases at EU courts. A non-binding legal opinion at the Court of Justice suggests judges rule against Deutsche Telekom’s entitlement to “default interest” in repayment of an antitrust fine that it managed to reduce on appeal. Advocate General Anthony Collins said the European Commission shouldn’t face punitive interest payments.EU antitrust enforcers got a boost today in their quest to limit the economic fallout of losing antitrust cases at the EU courts. A non-binding legal opinion at the Court of Justice suggests judges rule against Deutsche Telekom’s entitlement to “default interest” in repayment of an antitrust fine that it managed to reduce on appeal....

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