Press Release: Judgments in Cases T-161/05, T-168/05, T-174/05 and T-175/05. Hoechst GmbH, Arkema SA, Elf Aquitaine SA, Akzo Nobel NV and Others v Commission

The Court of First Instance reduces by 10% the fine imposed on Hoechst for its anti-competitive conduct on the monochloroacetic acid market. Hoechst’s fine is reduced to EUR 66.63 million because the Commission failed to take into account under its Leniency Notice that Hoechst did not dispute the facts. However, the Court upholds the fines imposed on Akzo Nobel, Elf Aquitaine and Arkema.