Red Bull loses bid to suspend EU decision on antitrust raid, Legal News, ET LegalWorld | Court Practice News

Austrian energy drinks maker Red Bull has lost its bid to get Europe’s second highest court to suspend an EU antitrust decision that underpinned a raid on the company for alleged anti-competitive practices.

The European Commission raided the company in March on concerns that it may have violated EU antitrust rules against cartels and abuse of a dominant position.

Red Bull subsequently challenged the raid at the Luxembourg-based General Court, saying the allegations were unfounded and that the EU competition watchdog seemed not to have sufficient signs of anti-competitive behaviour when it decided on the raid.

The General Court rejected its application for an interim measure last Friday, according to a filing on its site.

The Court typically only grants interim measures, which provide temporary relief against legal decisions, if companies can prove that they incurred damage and will suffer serious and irreparable harm from regulators’ actions.

The case is T-306/23 Red Bull and Others v Commission.

  • Published On Oct 2, 2023 at 09:26 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETLegalWorld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

US Supreme Court spurns copyright fight over concert recordings, ET LegalWorld | Court Practice News

Mon Oct 2 , 2023
The U.S. Supreme Court on Monday declined to hear a bid by Sony Music, Warner Music and other music publishers to hold the owner of Wolfgang’s Vault directly liable for copyright infringement for recordings by rock greats such as the Rolling Stones and the Who posted on the online concert […]

You May Like

Breaking News