European Economic and Trade Law Paper
Topic: European Economic and Trade Law
The objective of this first assignment is to apply the methodology given during the class on an essay about European Economic and Trade Law. In July 2020, the European Commission fined companies Orbia, Clariant and Celanese a total fine of 260 million for breaching EU Competition Rules.
The companies agreed to settle the claim against them for taking part in a cartel regarding purchases in the ethylene merchant market.
You are asked with reference to the above case to critically evaluate the competition rules in the EU, the powers that the European Commission has to investigate complaints for violations of Articles 101 and 102 TFEU, the penalties and the methods of calculating fines imposed and finally to critically assess the impact of the settlement procedure offered to infringing companies by the European Commission.
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