Printeos: Obligation to Pay Default Interest When Repaying a Fine after Annulment

Gonçalo Banha Coelho addresses Printeos: Obligation to Pay Default Interest When Repaying a Fine after Annulment.

ABSTRACT: The General Court ruled that, in case of annulment of a cartel decision based on an inadequate statement of reasons, in addition to repaying the fine amount received, the Commission must pay default interests at the ECB refinancing rate increased by 3.5 percentage points since the date on which the applicant unduly made provisional payment of the fine in accordance with the principle of restitutio in integrum.