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The European Commission has fined Infineon, Philips, Samsung and Renesas a total of €138 million for breaching Article 101 TFEU by co-ordinating their market behaviour for smart card chips in the EEA.
The companies colluded through a network of bilateral contacts to determine their responses to customers' requests to lower prices as well as exchanging sensitive commercial information on pricing, customers, contract negotiations, production capacity or capacity utilisation and their future market conduct.
The General Court has delivered its judgment on MasterCard’s action to seek the annulment of the European Commission’s decision refusing to grant MasterCard access to certain third party documents in respect of a study of the costs and benefits to merchants of accepting different payment methods.
Having found that the Commission had not provided sufficient evidence in its refusal decision to show how disclosure of the requested documents would seriously undermine its decision-making process, the General Court annulled the Commission's decision and has allowed MasterCard's appeal.
This article was written by Paul Stone.
For more information please contact Paul on +44 (0)20 7203 5110 or email@example.com.