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Ciba sees EUR68 mln fine vanish as EC admits too late to sanction parts of heat stabilisers cartel

By Lewis Crofts ( July 4, 2011, 13:00 GMT | Insight) -- Ciba/BASF's 68.4 million-euro fine for its part in a plastics additive cartel has been quashed, after the European Commission conceded fresh case law meant the penalty had been imposed too late. Fellow cartelist Elementis revealed earlier today that the EU regulator had scrapped its 23.4 million-euro fine.Brussels - Ciba/BASF's 68.4 million-euro fine for its part in a plastics additive cartel has been quashed, after the European Commission conceded fresh case law meant the penalty had been imposed too late. Fellow cartelist Elementis revealed earlier today that the EU regulator had scrapped its 23.4 million-euro fine (see here)....

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