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European Union – Rules on competition. The General Court of the European Union dismissed the application by Toshiba Corp. (Toshiba) for annulment of a decision by the European Commission in which the Commission had found that over a certain period, in breach of European Union competition law, Toshiba had participated in an unlawful cartel covering the entire European Economic Area, consisting of an oral agreement between European and Japanese producers of power transformers to respect each other's home markets and to refrain from selling in those markets. The General Court further refused to cancel or reduce the fine of €13.2m that the Commission had imposed on Toshiba.
European Union – Rules on competition. The General Court of the European Union dismissed the application by Toshiba Corp. (Toshiba) for annulment of a decision by the European Commission in which the Commission had found that over a certain period, in breach of European Union competition law, Toshiba had participated in an unlawful cartel covering the entire European Economic Area, consisting of an oral agreement between European and Japanese producers of power transformers to respect each other's home markets and to refrain from selling in those markets. The General Court further refused to cancel or reduce the fine of €13.2m that the Commission had imposed on Toshiba.
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