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Cartel-fine calculations must stay opaque to keep deterrent effect, EU Commission tells court

By Michael Acton ( February 14, 2019, 12:42 GMT | Insight) -- EU antitrust officials shouldn’t have to show their methods for calculating cartel fines as this could undermine their deterrent effect, European Commission lawyers argued at the bloc’s top court today. The commission is trying to overturn part of an earlier ruling by the lower-tier General Court, which found the regulator had erred in how it went about fining interdealer broker ICAP almost 15 million euros in 2015.EU antitrust officials shouldn’t have to show their methods for calculating cartel fines as this could undermine their deterrent effect, European Commission lawyers argued at the bloc’s top court today. ...

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