Shearman & Sterling’s European Antitrust team has won a significant victory on behalf of client - Cargolux Airlines International SA - in an important case before the European General Court in Luxembourg.
In November 2010, Cargolux and a number of other airlines were fined by the European Commission for their participation in an alleged cartel in airfreight, following investigations initiated by the European Commission on February 14, 2006.
On December 16, 2015, the General Court of the European Union annulled the European Commission’s 2010 decision in the alleged airfreight cartel in its entirety, including the full annulment of the €79.9 million fine previously levied on Cargolux.
The Shearman & Sterling team included counsel Collette Rawnsley (London and Brussels-Antitrust), and associates Elvira Aliende Rodriguez and Laura Abram (both Brussels-Antitrust).
The press release from the General Court of the European Union announcing the decision can be found here.