European Commission issues decision concerning the Violation of European Antitrust Law
The DG Competition of European Commission (EC) announced on February 21, 2018 (Central European time) that several companies including MOL breached European competition law with respect to car carrier services, MOL said in its press release.
MOL and other shipping companies have been investigated by the EC due to the suspicion of competition law violation. MOL has fully cooperated with the EC during the investigation.
Though the EC announced that they found the violation of European competition law and imposed fines, MOL and its subsidiary companies were exempted from all penalty including the fine because EC granted MOL an immunity.