S H E A R M A N & S T E R L I N G L L P | 5 1
CARTELS
PARENTAL
LIABILITY FOR
EU ANTITRUST
INFRINGEMENTS
N E W A N D B R OA D F R O N T I E R S
BY MATTHEW READINGS AND RUBA NOORALI
The European Union (EU) antitrust law
concepts of 'undertaking' and 'single
economic entity' allow fines to be imposed
on parent entities of subsidiaries involved
in cartel conduct, even where the parent
was not itself involved or aware of the
cartel. Recent case law developments in the
cartels sphere have materially extended the
circumstances in which such fines can be
imposed on parents.
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