This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Printeos can get default interest on envelope antitrust fine, EU court rules

( January 20, 2021, 10:11 GMT | Official Statement) -- MLex Summary: Spanish envelope maker Printeos can get default interest of more than 180,000 euros on the provisional payment of an EU antitrust fine, the Court of Justice has ruled. In 2014, the European Commission sanctioned a cartel for envelopes, but Printeos' fine was later annulled in court. While the commission invested the money into a fund that generated negative return for the relevant period, Printeos sought the interest on the payment and won backing from the General Court. Now the EU's highest court has dismissed the authority's appeal, rejecting the argument that its failure to pay default interest to Printeos neither constituted a sufficiently serious breach of the EU treaty, nor caused Printeos any harm.See the full text of the judgment attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections