Sunday, June 23, 2024

UPS right to defence infringed in failed TNT deal

The European Commission’s decision to prohibit UPS’s acquisition of TNT Express must be annulled due to procedural irregularity, the Court of Justice of the European Union has ruled. On 30 January 2013, the European Commission prohibited the acquisition of TNT Express by UPS, saying it would lead to a significant impediment to effective competition in […]

European court upholds €169m of cartel fines for freight forwarders

The Court of Justice of the European Union has upheld €169 million of fines given to freight forwarders for participating in an air cargo cartel. The European Commission had imposed the fines on 28 March 2012 against a number of companies for participating in the cartel between 2002 and 2007 for services including the organisation […]