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EU institutions' elevator-cartel damages battle resumes in Belgian appeal court

By Lewis Crofts and Niki Boussemaere ( March 4, 2024, 11:25 GMT | Insight) -- Elevator makers Kone, Otis, Schindler and ThyssenKrupp saw the EU's executive arm return to court today in its long-running battle to get money from them for elevators and escalators installed in EU buildings but allegedly overpriced due to cartel conduct. After 16 years of litigation in the Belgian courts, the European Commission told judges today that a cartel had seen elevator makers protect their own market shares to the detriment of customers.The EU's executive arm was back in court today trying to get money from Kone, Otis, Schindler and ThyssenKrupp for elevators and escalators installed in EU buildings but allegedly overpriced due to cartel conduct....

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