A PYMNTS Company

Spain: Supreme Court has issued judgment on the interpretation of the 10% turnover limit for cartel fines

By  |  February 5, 2015

The Supreme Court has confirmed the interpretation followed by the National High Court over the last two years regarding the limit of 10% of the company’s turnover established under Article 63 of the Spanish Competition Act for the calculation of fines.

This recent Supreme Court Decision decides on the issue of whether or not the cap for antitrust fines is of 10% of the group turnover. A prior case law of the High Court had taken the approach confirmed in various cases that the maximum amount was of 10% of turnover generated in the market affected by the cartel or anticompetitive practice.

The Decision confirms that the maximum of fines is 10% of group turnover.

 

Full Content: Callol Law

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.