Competition weekly news summary
22 July 2016

 Antitrust

  • Commission accepts commitments by ISDA and Markit on credit default swaps
    20 July 2016
    The Commission has made legally binding commitments to licence inputs for credit default swaps, offered separately by the International Swaps and Derivatives Association Inc. (ISDA) and information service provider Markit.
    Read more >
  • Commission fines truck producers € 2.93 billion for participating in a cartel
    19 July 2016
    The Commission has found that MAN, Volvo/Renault, Daimler, Iveco, and DAF broke EU antitrust rules. These truck makers colluded for 14 years on truck pricing and on passing on the costs of compliance with stricter emission rules. The Commission has imposed a record fine of € 2 926 499 000.
    Read more >
    Commissioner Vestager's statement>

Mergers

  • Commission clears acquisition of Meda by Mylan subject to conditions
    20 July 2016
    The Commission has approved the proposed acquisition of Meda AB of Sweden by Mylan N.V. of the Netherlands. Both companies operate in the pharmaceutical sector. The decision is conditional upon the divestment of a number of Mylan's or Meda's businesses. The Commission had concerns that the transaction, as initially notified, would have reduced competition on the markets for several pharmaceutical products. The commitments offered by Mylan address these concerns.
    Read more >
  • Commission approves acquisition of Arianespace by ASL, subject to conditions
    20 July 2016
    Following an in-depth review, the Commission has approved the acquisition of Arianespace by Airbus Safran Launchers (ASL), a joint venture between Airbus and Safran. The Commission had concerns that the transaction would give rise to flows of sensitive information between Airbus and Arianespace to the detriment of competing satellite manufacturers and launch service providers. The commitments offered by the companies address these concerns.
    Read more >

State aid

  • Commission refers Greece to Court for failure to recover incompatible state aid from Hellenic Shipyards
    22 July 2016
    The Commission has decided to refer Greece to the European Court of Justice because it failed to comply with a 2008 Commission decision ordering the recovery of unlawful aid to Hellenic Shipyards. This follows a 2012 ruling by the Court condemning Greece for its failure to implement the decision.
    Read more >
    Read more about Commission's 2008 decision >
  • Commission opens in-depth investigation into French state financing of Areva restructuring
    19 July 2016
    The European Commission has opened an in-depth investigation to determine whether the French state's contribution to the financing of the Areva group's restructuring gave the company an unfair advantage not available to its competitors within the meaning of the EU rules on state aid.
    Read more >

Court

  • Preliminary ruling case C-542/14 VM Remonts and Others
    21 July 2016
    The EU Court of Justice ruled on questions referred by a Latvian court regarding the interpretation of Article 101 TFEU that prohibits anticompetitive agreements. The Court clarified, in particular, the conditions for a company's liability for anticompetitive conduct by an independent service provider it has hired. The Court held that a company may, in principle, be held liable for such conduct, provided one of the following conditions was met: (i) the service provider was in fact acting under the direction or control of the company concerned, or (ii) the company was aware of the anti-competitive objectives pursued by its competitors and the service provider and intended to contribute to them by its own conduct, or (iii) the company could reasonably have foreseen the anti-competitive acts of its competitors and the service provider and was prepared to accept the risk which they entailed.
    Read full judgment >
  • Preliminary ruling case C‑493/14 Dilly’s Wellnesshotel GmbH
    19 July 2016
    The EU Court of Justice ruled on questions referred by an Austrian Court regarding the interpretation of a Commission regulation exempting certain categories of state aid from prior Commission scrutiny (the General Block Exemption Regulation, GBER). The Court clarified that an aid scheme that fails to make explicit reference to the GBER, in particular by citing its title and reference of publication in the EU Official Journal, does not fulfill the GBER's exemption conditions.
    Read full judgment >
  • Preliminary ruling case C-526/14 Kotnik and Others
    19 July 2016
    The EU Court of Justice ruled on questions referred by a Slovenian court regarding the Commission's 2013 Communication on state aid to banks during the crisis. The Court confirmed the validity of the banking communication. The Court held in particular that requiring burden-sharing by shareholders and subordinated debtholders as a prerequisite for the Commission to authorise state aid to banks with capital shortfalls was not contrary to EU law.
    Read full judgment >
    Read more about Commission's 2013 banking communication >



Subscriptions:

Editorial and legal information

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, 2016. Reproduction is authorised provided the source is acknowledged.

Competition website

DG Competition on Twitter