Matters

Philips appeals against decision of European Commission

October 11, 2013
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Matters

De Brauw assists Royal Philips in its appeal against the decision of the European Commission imposing record fines of EUR 1.5 billion in aggregate on manufacturers of Cathode Ray Tubes.

During the administrative proceedings, De Brauw secured a 30% fine reduction.

 

Philips is one of seven companies fined a total EUR 1.47 bln by the European Commission for operating Cathode Ray Tube cartels.

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