On 17 July 2019, the Italian Competition Authority (“ICA”) concluded an investigation, finding that two separate agreements had been implemented to distort the competitive dynamics in the market for corrugated-cardboard sheets, and the market for corrugated-cardboard packaging respectively. The agreements involved manufacturers of corrugated-cardboard sheets and packaging, as well as the trade association Gruppo Italiano Fabbricanti Cartone Ondulato (GIFCO). They were fined a total of over EUR 287 million, one of the highest fines ever imposed in Italy.
These fines will not be used to compensate victims of the Cartel who must take action to defend their own interests. The ICA found that the purpose of the Cartel was to impact the market, including prices paid by purchasers of corrugated-cardboard sheets and packaging. Excessive prices paid by purchasers because of the Cartel are economic losses for which they can seek compensation.
Deminor advises companies that purchased corrugated-cardboard sheets and/or packaging from one or more members of the Cartel between 2004 and 2017 to take action to defend their interests and to seek recovery for their losses.
Registration is free of charge and subject to confidentiality. Further information and documents to join the Deminor action will follow in due course.