Judgment of the General Court (Eighth Chamber) of 12 July 2018

The Goldman Sachs Group, Inc. v European Commission

Competition — Agreements, decisions and concerted practices — European market for power cables — Decision finding an infringement of Article 101 TFEU — Single and continuous infringement — Imputability of the infringement — Presumption — Error of assessment — Presumption of innocence — Legal certainty — Principle of personal responsibility — Unlimited jurisdiction

Case T-419/14



Top of the page Documents in the Case
Document Date Name of the parties Subject-matter Curia EUR-Lex
Judgment (OJ)
31/08/2018 The Goldman Sachs Group v Commission
Judgment
ECLI:EU:T:2018:445
12/07/2018 The Goldman Sachs Group v Commission
EUR-Lex text EUR-Lex bilingual text
Judgment (Summary)
ECLI:EU:T:2018:445
12/07/2018 The Goldman Sachs Group v Commission
Order
ECLI:EU:T:2015:523
25/06/2015 The Goldman Sachs Group v Commission
Order
ECLI:EU:T:2015:530
25/06/2015 The Goldman Sachs Group v Commission
Application (OJ)
01/08/2014 The Goldman Sachs Group v Commission
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Top of the page Legal analysis of the decision or of the case

Reports of Cases

published in the electronic Reports of Cases (Court Reports - general)

Subject-matter

Information not available

Systematic classification scheme

1.
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
3 Legal proceedings
  3.08 Procedural rules
    3.08.04 Subject-matter, form of order sought and pleas in law
      3.08.04.01 Formal requirements
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.06 Obligation to state the reasons for a decision
          4.08.03.03.06.00 General
4 Internal policy of the European Union
  4.08 Competition
    4.08.00 EU competition rules
      4.08.00.06 Definition of undertaking
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.07 Payment of the fine
          4.08.03.03.07.01 Joint and several liability for payment
            4.08.03.03.07.01.02 Determination of the shares to be paid by those held jointly and severally liable for payment of a fine
1 The legal order of the European Union
  1.01 Sources of EU law
    1.01.02 General principles of law
      1.01.02.05 Rights of the defence and procedural guarantees
1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.41 Right to good administration
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.02 Procedure for the application of the competition rules by the Commission
        4.08.03.02.06 Hearing of persons concerned and of third parties / Access to the file
1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.41 Right to good administration
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.02 Procedure for the application of the competition rules by the Commission
        4.08.03.02.00 General
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.07 Payment of the fine
          4.08.03.03.07.01 Joint and several liability for payment
            4.08.03.03.07.01.01 Joint and several liability of parent companies
              4.08.03.03.07.01.01.00 General
4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.07 Payment of the fine
          4.08.03.03.07.01 Joint and several liability for payment
            4.08.03.03.07.01.01 Joint and several liability of parent companies
              4.08.03.03.07.01.01.00 General


Citations of case-law or legislation

References in grounds of judgment

Operative part

Opinion

Information not available


Dates

Date of the lodging of the application initiating proceedings

  • 12/06/2014

Date of the Opinion

Information not available

Date of the hearing

Information not available

Date of delivery

12/07/2018


References

Publication in the Official Journal

Judgment: OJ C 328 from 17.09.2018, p.31

Application: OJ C 282 from 25.08.2014, p.41

Name of the parties

The Goldman Sachs Group v Commission

Notes on Academic Writings

  1. Braun, Dominik: Zur gesamtschuldnerischen Verantwortlichkeit von Investmentbanken und Private Equity- Investoren im europäischen Wettbewerbsrecht, Neue Zeitschrift für Kartellrecht 2018 p.405-411 (DE)
  2. Wentz, Jasper: Kartellrecht: Haftung wegen Kartellverstoß auf dem Markt für Unterseekabel, Europäische Zeitschrift für Wirtschaftsrecht 2018 p.870-871 (DE)
  3. Idot, Laurence: Cartel international, inspections digitales et responsabilité d'une banque d'investissement, Europe 2018 Octobre Comm. nº 10 p.40-42 (FR)
  4. Struijlaart, Robin ; Brabers, Mark: Goldman Sachs/Europese Commissie. Private equity in het vizier van mededingingsautoriteiten, Markt & Mededinging 2018 p.259-269 (NL)



Procedural Analysis Information

Source of the question referred for a preliminary ruling

Information not available

Subject-matter

  • Competition
  • - Agreements, decisions and concerted practices
  • - Concerted practices

Procedure and result

  • Actions for annulment : dismissal on grounds of inadmissibility
  • Actions for annulment : dismissal on substantive grounds

Formation of the Court

huitième chambre (Tribunal)

Judge-Rapporteur

Kancheva

Advocate General

Information not available

Language(s) of the Case

  • English

Language(s) of the Opinion

    Information not available