Parent liable for subsidiary

A parent company will be held liable and fined for the anti-competitive conduct of its subsidiary whenever it is defined either by law or contract that the commercial conduct of the subsidiary must be determined by its parent company. It is up to the parent company to bring forth strong evidence in order to rebut such a presumption. In terms of EU competition law, a parent company is deemed responsible for the behaviour of its subsidiaries and it can be fined directly for a breach by its subsidiary of EU competition laws. This is the case because of a rebuttable presumption that a parent... This article is part of our premium content. Full story is available on Times of Malta Premium.

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