Tuesday, October 19, 2010

Observations on Recent Competition Law Developments from a DG Energy Perspective

Posted by D. Daniel Sokol

Philip Lowe provides Observations on Recent Competition Law Developments from a DG Energy Perspective.

ABSTRACT: As an outsider now—but as a very interested observer and enthusiastic supporter of the Commission's competition policy—the first months into the mandate of Commissioner Almunia as Commissioner for Competition seem to me to reflect both continuity and change.

Commissioner Almunia has clearly taken over from Commissioner Kroes the cudgel against hard core cartels with the adoption of five cartel decisions since he took office in February this year. Fines have remained high, which is needed to sanction and deter effectively, with fines totalling over €1 billion in the prestressing steel and bathroom fitting cartels. With the readoption of the Bollore decision, the Commission continued to demonstrate its determination not to let cartel offenders off the hook when they try to escape liability through corporate restructuring.

https://lawprofessors.typepad.com/antitrustprof_blog/2010/10/observations-on-recent-competition-law-developments-from-a-dg-energy-perspective-.html

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