Ms Katherine Cousins

Katherine Cousins


Competition & Antitrust

Another fines mess: InnoLux muddies the water for exposure calculations
European Union | 05 November 2015

The European Court of Justice recently confirmed the European Commission's wide discretion in working out the value of sales on which a fine for cartel activity is to be calculated. The commission controversially took into account not just sales of the cartelised product, but also the company's inter-divisional sales. The case has significantly raised the stakes for vertically integrated companies.