We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
30 July 2020
Competition & Antitrust Slovenia
A Ljubljana court recently slashed the fine imposed by the Competition Protection Agency (CPA) on Croatian food company Agrokor from €53.9 million to €1 million.
Agrokor has confirmed the court's ruling, but intends to file an appeal and challenge the CPA's decision to confiscate its 70% stake in Slovenian food retailer Mercator.
On 15 June 2020 the CPA prolonged the seizure of Agrokor's stake in Mercator because Agrokor had refused to pay its gun-jumping fine.
The CPA had ordered the confiscation on 16 December 2019 as Agrokor had received a €53.9 million fine for failing to notify its acquisition of the Slovenian water bottling company Costella from Alsafi Partners.
Agrokor filed a complaint with the European Commission stating that the confiscation contravened EU and Slovenian law.
In January 2020 the Ljubljana District Court upheld the decision to seize the Mercator shares. In June 2020 the Constitutional Court dismissed Agrokor's appeal against the district court's decision.
For further information on this topic please contact Eva Škufca or Urša Picelj at Schoenherr by telephone (+386 1 200 09 80) or email (e.skufca@schoenherr.eu or u.picelj@schoenherr.eu). The Schoenherr website can be accessed at www.schoenherr.eu.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.