A PYMNTS Company

Joint Venture Subsidiary What’s the Difference for Cartel Liability and Fines?

BY | January 7, 2013

Laura Atlee, Apr 17, 2012 Parent liability in cartel infringement proceedings has been the focus of quite a number of our commentaries. Starting with the Akzo ruling, the EU Courts have tightened…

Laura Atlee, Apr 17, 2012

Parent liability in cartel infringement proceedings has been the focus of quite a number of our commentaries. Starting with the Akzo ruling, the EU Courts have tightened the noose around each and every parent company’s financial neck. When a parent company has a 100 percent shareholding in a subsidiary it is presumed (although it can in theory be rebutted) that: (i) the parent company has decisive influence over the subsidiary and (ii) the parent company in fact

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