- Court topples $1.2 billion penalty levied by EU in 2009
- Critics of EU procedures question time taken for ruling
Oliver Bretz quoted in Bloomberg and the Luxembourg Times on the Competition law aspect of the Intel case.
Intel Corp. won a historic victory in its court fight over a record 1.06 billion-euro ($1.2 billion) competition fine, in a landmark ruling that upends one of the European Union’s most important antitrust cases.
The EU General Court ruled on Wednesday that regulators made key errors in a landmark 2009 decision over allegedly illegal rebates that the U.S. chip giant gave to PC makers to squeeze out rival Advanced Micro Devices Inc.
While the surprise ruling can be appealed one more time, it’s a stinging defeat for the European Commission, which hasn’t lost a big antitrust case in court for more than 20 years.