EU Court Decision Significantly Reduces Cartel Fines in Marine Hose Investigation


On May 17, 2013, the EU General Court partially annulled a 2009 European Commission decision in the Marine Hose cartel case and significantly reduced the fine imposed on hose manufacturer Parker ITR by nearly 75% from 25.61 million euros to 6.4 million euros. As part of its ruling, the Court found that the Commission had incorrectly calculated the period of the infringement by Parker ITR and found that the Commission had not demonstrated a sufficient “structural link” between Parker ITR and a predecessor entity that had engaged in cartel activity. It therefore annulled the share of the fine relating to activities before January 2002, the date on which Parker-Hannifin acquired ITR.

Background -

In January 2009, the European Commission fined five marine hose manufacturers and related entities for participating in anticompetitive schemes to allocate tenders issued by their customers, agree on price lists and quotas, and collude in other ways. Marine hoses are used to load oil and other petroleum products from vessels to onshore and offshore facilities. The Commission issued fines ranging from 4.9 million euros up to 58.5 million euros for the companies’ role in the cartel starting as early as 1986.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.