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ANTITRUST AND COMPETITION  The Court of Justice of the European Union Reinforces the European Commission’s Strict Approach on Parental Liability for Antitrust Breaches of Subsidiaries  On 28 October 2020, the Court of Justice of the European Union (CJEU) confirmed the General Court of the European Union (GCEU) judgment and the fine imposed by the European Commission (Commission) on a tire manufacturer and its subsidiary on the basis of its long-standing case law on parental liability for cartel activity. In this case, Commission imposed in 2014 a €302 fine on a number of manufacturers of underground and submarine cables for a power cable cartel. From 1999 to 2009, the cartel members engaged in market sharing and customer allocation in breach of EU antitrust rules. An Italian tire manufacturer was found jointly and severally liable for the involvement of its former subsidiary in the power cable cartel. The Italian tire manufacturer sold its subsidiary to a global investment f

United kingdomCommission executive viceEuropean commissionSustainable development action planDigital services actEuropean unionInvestment fund managers directiveCommission directorateEu regulation of big tech companiesCouncil of the european unionWhile the european unionKl gatesEuropean parliamentInvestment fund managersMarket authorityCommission launched the new consumer agenda