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EU re-imposes US$835 million cartel fine on air cargo firms
The European Union has re-imposed fines totalling US$835 million on 11 air cargo companies, including Air Canada, even though the EU's high court threw out the original case in 2015 on a procedural issue. The European Commission said Friday that it has fixed the original error and re-established the fines because the antitrust case, as such, hadn't been addressed by the EU's General Court. (www.canada.com) Mais...
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Never mind the law and courts...unelected corruptocrats rule. This type of action is what supported Brexit.
Actually it says the court threw it out on a procedural issue. The Commission fixed the issue, and the cargo companies said they want to fight it again vigorously in court. I'm sure they can affordrd real good lawyers, so let's see the outcome.
You missed the point...these fines were imposed by unelected officials (bureaucrats) and fought by the airlines in court. Eventually they prevailed but like the EPA here they just rewrote them and imposed them again. This is rule by regulation not legislation. NOw the airlines will be forced to roll the dice in front of another court of unelected lawyers.
I don't think I missed the point. The point is, did they or did they not collude to fix prices. Getting off on a technicality does not answer the question.
If you want to go down the road of political debate, we can do that as well. Do you remember how a certain Mrs Thatcher prevented any move that would have given the EU Commission a more democratic footing? Although the Commission is not itself democratically elected, it is answerable to the European Parliament, which has the power to dismiss it by a vote of censure or no confidence.
And can you just remind me when the last election of the members of the House of Lords where elected? When was Theresa May elected? When was the Queen elected? When were the members of the Canadian Senate elected?
If you want to go down the road of political debate, we can do that as well. Do you remember how a certain Mrs Thatcher prevented any move that would have given the EU Commission a more democratic footing? Although the Commission is not itself democratically elected, it is answerable to the European Parliament, which has the power to dismiss it by a vote of censure or no confidence.
And can you just remind me when the last election of the members of the House of Lords where elected? When was Theresa May elected? When was the Queen elected? When were the members of the Canadian Senate elected?
They can make up rules whenever they want, but it doesn't make them right. Punishing the very companies that supply freight to all of the EU isn't wise idea. But, in a few years the EU won't be around. It will return to what it was prior to unification.
So you are saying that you are ok with companies colluding to fix prices? Interesting. As for your other point, did you follow the results of the recent election in the Netherlands?
Isn't what price matching is all about?
I don't care what happens in Netherlands and unless you live there, you shouldn't either.
I don't care what happens in Netherlands and unless you live there, you shouldn't either.
Obviously you don't understand the difference between colluding to fix prices and price matching. As you seem to be very interested in what happens in Europe, I find is "special" that you recommend to me not to be interested.
Not all price similarities, or price changes that occur at the same time, are the result of price fixing. On the contrary, they often result from normal market conditions
Of course, but only a trial will show this. If the EU keeps getting at the companies they must feel they have a good case, and I'm certain the KLMs, Air Frances and Air Canadas of this world have good lawyers, s o let's see.
