ECJ VITAMINS CARTEL
October 1st, 2005
BY KEITH NUTHALL
THE EUROPEAN Court of Justice (ECJ) has annulled fines imposed by the European Commission on Japan's Sumitomo Chemical Co. Ltd and Sumika Fine Chemicals Co. Ltd for fixing prices of vitamins A, E, B2, B5, C, D3, beta?carotene and carotinoids. Judges said because the offences took place more than five years before Brussels' investigation, the fines should be scrapped.
THE EUROPEAN Court of Justice (ECJ) has annulled fines imposed by the European Commission on Japan's Sumitomo Chemical Co. Ltd and Sumika Fine Chemicals Co. Ltd for fixing prices of vitamins A, E, B2, B5, C, D3, beta?carotene and carotinoids. Judges said because the offences took place more than five years before Brussels' investigation, the fines should be scrapped.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.