Analysis: “Commission v Printeos (C-301/19 P): A statement of EU law on the interest owed by the Commission when a fining decision is annulled” by Jokin Beltrán de Lubiano
In the latest installment of the Printeos saga (C-301/19 P), the Court of Justice has provided a full statement of the law regarding the interest owed by the European Commission when the Court annuls a fining decision.
In 2014, the Commission found that Printeos and other companies had participated in an envelope cartel in breach of Article 101 TFEU, and imposed a fine of 4.7 million euros on the undertaking. Printeos appealed the decision and provisionally paid the fine amount into an EC-managed fund (the BUFI fund) while the appeal was pending.
In 2016, the General Court found in favour of Printeos and annulled the Commission Decision on procedural grounds; see Printeos and Other v Commission (T-95/15). Printeos sought th