Intel wins lawsuit to cancel 14 trillion won fine imposed by EU Commission 13 years ago

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Intel has won a lawsuit against the European Union (EU) seeking to cancel a fine imposed over 13 years, Bloomberg News reported on the 26th (local time).

According to the report, the EU General Court ruled in the annulment and remand trial that "the EU Commission's imposition of a fine on Intel for providing rebates is unjust."

In 2009, the EU Commission judged that Intel violated fair trade regulations by providing rebates to computer manufacturers using its x86 computers and imposed a fine of 1.06 billion euros (approximately 1.4 trillion KRW). Intel immediately appealed to the EU General Court but lost in 2014 and subsequently appealed to the European Court of Justice (ECJ). The ECJ sent the case back to the appellate court, leading to this trial.

The court ruled that "the analysis conducted by the Commission was incomplete, and it is impossible to establish a legal standard that rebate practices can have anti-competitive effects."

Intel expressed its welcome for the ruling, and the EU plans to review the details before deciding whether to appeal.

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