Friday, July 15, 2011

Royal Dutch Shell and Dow lose court appeal against fine levied by EU regulators

Royal Dutch Shell and Dow Chemical lost a court appeal on Wednesday against a fine levied by EU regulators five years ago for taking part in a cartel. However, the court cut a fine imposed on Italy's Eni, as per Reuters, The General Court, Europe's second-highest, also annulled penalties levied against Czech petrochemicals group Unipetrol and Polish company Trade-Stomil.

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