EUROPEAN COURT OF JUSTICE CRACKS DOWN ON GRAPHITE ELECTRODE CARTEL
July 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Court of Justice (ECJ) has upheld or strengthened two fines originally imposed by the European Commission on seven graphite electrode producers from Germany, Japan and the USA for operating a global cartel. These penalties had been appealed, and eased somewhat by the ECJ's junior Court of First Instance. But these decisions sparked three further appeals, now settled. As regards Germany's SGL Carbon, the ECJ has raised the fine from the Euro 69.1 million agreed by its junior court to Euro 75.7 million and told SGL to pay the costs. ...
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.