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Eversheds Sutherland cartel settlement outranks competition to take award
- United Kingdom
Eversheds Sutherland (International)’s work on the ‘DG Comp’ trucks cartel settlement recognised by Global Competition Review award
The award for behavioural matter of the year (Europe) was for the creative, strategic and innovative work carried out in a non-merger matter before an enforcer in Europe. A combined team from Eversheds Sutherland, Cleary Gottlieb and boutique law firm contrast, represented AB Volvo in the European Commission’s investigation into the truck sector, one of the largest cartel investigations conducted to date. The annual award ceremony was held on 29th March 2017 in Washington DC and recognises the leading cases and firms from the previous year.
In July 2016, the EU Commission extracted €2.93 billion in a settlement with Volvo/Renault, Daimler, Iveco and DAF. Lawyers, including those from Eversheds Sutherland, secured a settlement after the competition authority had issued a statement of objections, ending the perception that Directorate-General for Competition (DG Comp) would not settle cases at such a late stage in the proceedings. Scania was not part of the settlement and continues face an investigation.
Global Competition Review is the world’s leading competition law and policy journal and has teams of journalists in London and Washington. It also publishes rankings of law firms and competition regulators across the globe.
Ros Kellaway, head of competition, EU and trade at Eversheds Sutherland says:
“The European Commission’s investigation into the truck sector was notable due to its size and it is an honour to be awarded for navigating this complex and significant case from the outset. The investigation involved six companies which at times had inherently conflicting interests. This award recognises both the quality of the practice and the EU wide scope of our team.”
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