Competition weekly news summary
13 June 2014


Antitrust

  • Commission sends Statement of Objections to ICAP for suspected participation in yen interest rate derivatives cartels
    10 June 2014
    The Commission has informed the UK based broker ICAP of its preliminary view that it may have breached EU antitrust rules by facilitating several cartel infringements in the market for interest rate derivatives denominated in the yen currency.
    Read more >

State aid

  • Commission adopts new rules to support important projects of common European interest
    13 June 2014
    The Commission has set out criteria under which Member States can support transnational projects of strategic significance for the EU and for the achievement of Europe 2020 objectives, in line with EU state aid rules. This is part of the Commission's State Aid Modernisation initiative, aimed at fostering growth and competitiveness in the EU. The communication will enter into force on 1 July 2014.
    Press release >
    Frequently asked questions >
  • Commission approves amendments to restructuring plan of Belgian insurer Ethias
    12 June 2014
    The Commission has found proposed amendments to the restructuring plan of the Belgian insurance company Ethias to be in line with EU state aid rules. In particular, the Commission has agreed to the proposed prolongation by three years of the rundown of Ethias' retail life insurance portfolio as well as the measures aimed at ensuring the profitability and low risk of its other activities. The Commission considers that these amendments do not endanger the restoration of Ethias' long term viability nor do they increase the risk of competition distortions in the Single Market.
    Press release >
  • Commission investigates transfer pricing arrangements on corporate taxation of Apple (Ireland), Starbucks (The Netherlands) and Fiat Finance and Trade (Luxembourg)
    11 June 2014
    The Commission has opened three in-depth investigations to examine whether decisions by tax authorities in Ireland, The Netherlands and Luxembourg with regard to the corporate income tax to be paid by Apple, Starbucks and Fiat Finance and Trade, respectively, comply with the EU rules on state aid.
    VP Almunia's statement >
    Press release >
  • Commission approves Czech scheme supporting renewable energy
    11 June 2014
    The Commission has found that a Czech scheme supporting the production of electricity from renewable energy sources is in line with the EU state aid rules. The Commission concluded in particular that the scheme will further EU energy objectives without unduly distorting competition in the Single Market.
    Read more >
  • Commission approves Italian operating aid to Stretto airport
    11 June 2014
    The Commission has found that Italian public capital injections into Stretto airport in Calabria, Italy, are in line with EU state aid rules. In particular, the Commission has concluded that the measures have furthered the connectivity of Calabria, in line with EU transport objectives, without unduly distorting competition in the Single Market.
    Read more >
  • Commission approves regional aid map 2014-2020 for Luxembourg
    11 June 2014
    The Commission has approved Luxembourg's map for granting regional investment aid between 2014 and 2020. The map is based on the new regional aid guidelines adopted by the Commission in June 2013. The new guidelines set out the conditions under which Member States can grant state aid to businesses for regional development purposes. They aim to foster growth and greater cohesion in the Single Market.
    Read more >
  • Commission approves Croatia's regional aid map 2014-2020
    11 June 2014
    The Commission has approved Croatia's map for granting regional investment aid between 2014 and 2020 within the framework of the new regional aid guidelines adopted by the Commission in June 2013. The new guidelines set out the conditions under which Member States can grant state aid to businesses for regional development purposes. They aim to foster growth and greater cohesion in the Single Market.
    Read more >
  • Commission approves regional aid map 2014-2020 for Portugal
    11 June 2014
    The Commission has approved Portugal's map for granting regional investment aid between 2014 and 2020. The map is based on the regional aid guidelines adopted by the Commission in June 2013. The new guidelines set out the conditions under which Member States can grant state aid to businesses for regional development purposes. They aim to foster growth and greater cohesion in the Single Market.
    Read more >

Court

  • Commission welcomes General Court judgment upholding its decision against Intel
    12 June 2014
    The Commission welcomes a General Court judgment that fully upholds the Commission's 2009 Decision which found that Intel had abused its dominant position in the market for certain computer chips and which imposed a fine of €1.06 billion on Intel. The judgment is significant because it confirms that the Commission was fully justified in pursuing the anticompetitive conduct in question in a major worldwide market.
    Commission's press release >
    Court's press release >
    Full judgment >
    Read more about Commission's 2009 decision >
  • Case C-578/11 P (Italian raw tobacco cartel)
    12 June 2014
    The EU Court of Justice ruled on Deltafina's appeal against a Commission decision of October 2005 that had fined several companies for their participation in a cartel on the Italian raw tobacco market. The EUCJ rejected the appeal and confirmed the Commission's findings.
    Read full judgment >
    Read more about Commission's 2005 decision >
  • Case T-488/11 (Delftship state aid case)
    12 June 2014
    The EU General Court ruled on an appeal by SARC against a Commission decision of May 2011 that had found that a software licensing agreements between the University of Delft and the company Delftship involved no state aid. The GC dismissed the appeal and upheld the Commission's findings, in particular its application of the "market economy operator" test. The GC held in particular that the Commission was entitled to conclude from its assessment of the conduct and outcome of negotiations between the parties that the licensing agreement was concluded on market terms and therefore involved no state aid.
    Read full judgment >
    Read more about the Commission's 2011 decision >

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Published by the Competition Directorate General of the European Commission. The content of this publication does not necessarily reflect the official position of the European Commission. Neither the Commission nor any person acting on its behalf is responsible for the use which might be made of the above information.

© European Union, 2014. Reproduction is authorised provided the source is acknowledged.

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