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EU antitrust regulator must pay interest on annulled fines, top court rules

By Lewis Crofts ( June 11, 2024, 08:13 GMT | Insight) -- Companies winning reductions in EU antitrust fines will also have the right to interest “at a standard rate” on the money held by the European Commission, the bloc’s top court has ruled. In a judgment that sides with Deutsche Telekom but which will have broader implications, including for the likes of Intel, Qualcomm and numerous airlines, judges at the EU Court of Justice said the interest was meant to “compensate” the company.Companies winning reductions in EU antitrust fines will also have the right to interest “at a standard rate” on the money held by the European Commission, the bloc’s top court has ruled....

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