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T-419/14 Goldman Sachs: Expanding the Application of Parental Liability in EU Competition Law to Investment Firms

Dimitris Vallindas, Ciara Barbu-O’Connor


Keywords: Parental liability, presumption, decisive influence, voting rights, power cables cartel, investment firms, pure financial investor, institutional investor

Case T-419/14 The Goldman Sachs Group, Inc v European Commission, Judgment by the General Court of the European Union of 12 July 2018
On parental liability of financial investors in a company found liable of participating in a cartel in breach of EU competition rules and the application of the presumption and the demonstration of actual exercise of decisive influence.
Article 101 Treaty on the Functioning of the European Union; OJ 2008 L115/47 and Articles 2 and 23 of Regulation 1/2003 on the implementation of the rules on competition laid down in Articles [101] and [102] of the Treaty; OJ 2003 L1.

Dimitris Vallindas, Counsel at Sheppard, Mullin, Richter & Hampton, Brussels, Ciara Barbu-O’Connor, Associate at Sheppard, Mullin, Richter & Hampton, Brussels. For correspondence: <>.


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