09
Feb
The Court of Justice of the EU ("CJEU") has established in case law that a parent company can be held liable for its subsidiary's competition law infringements. This applies if the parent company exercises decisive control over the subsidiary regarding the relevant activities.
The CJEU ruled in the Akzo case that there is a rebuttable presumption that a parent company exercises decisive influence when it directly or indirectly holds all or almost all of a subsidiary's share capital. To rebut the presumption,...