Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

balance scale

Apr 06, 2014

Cartel Fines: Liability of Private Equity Funds

Subscribe

Jump to...

 
The European Commission has held Goldman Sachs jointly and severally liable for a cartel infringement committed by Prysmian, an Italian cable maker formerly owned by Goldman Sachs’ private equity arm. The decision is a stark reminder that EU competition law allows the corporate veil to be readily pierced and that private equity companies are no exception.

View full memo, Cartel Fines: Liability of Private Equity Funds

Authors and Contributors

Matthew Readings

Partner

Antitrust

+44 20 7655 5937

+44 20 7655 5937

+32 2 500 9866

+32 2 500 9866

London