Friday, March 23, 2018

LG Electronics and Philips v Commission: Joint Venture Parents, Be Aware

Gerwin Van Gerven and Lodewick Prompers caution LG Electronics and Philips v Commission: Joint Venture Parents, Be Aware.

ABSTRACT: The Commission has unbounded discretion to pursue only a parent company based on parental liability, even if it was the subsidiary which participated in the cartel. Moreover, the Commission can hold the parents in an upstream input joint venture jointly and severally liable for indirect ‘transformed product’ sales by the downstream businesses of both parents, simply relying on the joint venture link.

https://lawprofessors.typepad.com/antitrustprof_blog/2018/03/lg-electronics-and-philips-v-commission-joint-venture-parents-be-aware.html

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