This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Schneider wins compensation

24 August 2007

Schneider Electric has welcomed a court ruling recognising its right to compensation from the European Commission following ‘the prohibition of its merger with Legrand’.

The Court of First Instance of the European Court of Justice, in Luxembourg, ordered the Commission to compensate two-thirds of Schneider’s losses.

The Court stated that “the grave and manifest failure by the Commission to have regard to Schneider’s rights of defence constitutes a sufficiently serious breach of Community law to confer such a right.”


Contact Details and Archive...

Print this page | E-mail this page