White & Case has achieved what it calls “a significant success” for the Hellenic Steelmakers Union (ENXE) before the Hellenic Competition Commission (HCC).
The HCC was investigating an alleged illegal exchange of production and trading data, and whether ENXE had facilitated the exchange of information between its members. ENXE successfully proved that its activities did not amount to any per se illegal information exchange, and offered a commitment to the HCC to effect changes in its bylaws and statutes to include express guarantees of independence and confidentiality.
The HCC accepted this commitment and concluded, in a ruling on April 14, 2016, that there were no longer grounds for further action.
"The accusations against ENXE followed a very formalistic approach, which we were able to reverse in order to close the matter in a satisfactory manner," said White & Case Brussels-based Partner Assimakis Komninos, who led the firm's representation of ENXE. Komninos was supported by Associate Zena Prodromou.