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Westfälische Drahtindustrie fails in EU court fight over outstanding sum of steel-cartel fine

( July 4, 2024, 08:52 GMT | Official Statement) -- MLex Summary: Westfälische Drahtindustrie has lost its appeal at the EU’s Court of Justice over payment of an outstanding sum related to a pre-stressing steel cartel that was imposed by lower-court judges invoking their power to calculate sanctions. The German steelmaker and the European Commission disagreed over the start-date for interest on the remaining sum, which the EU regulator said was 12.2 million euros. The Court of Justice ruled today that while the lower-court calculated its own sanction on the company — and set it at the same level — it did not constitute a “new” fine.The judgment is attached. ...

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