Baker & McKenzie announced today that it succeeded in obtaining full immunity for its client, Chisso Corporation, in respect of a European Commission (EC) cartel investigation in the sorbates industry. As a result of its successful immunity application, Chisso Corporation did not receive a fine. The fines imposed on the other cartel participants totalled €138.4 million.
Chisso informed the EC about the cartel in autumn 1998 under the EC’s Leniency Policy immediately upon becoming aware of the possibility of anti-competitive practices involving its sorbates operations . The Policy enables companies to obtain full immunity under certain circumstances if they are the first to provide the EC with evidence of a cartel.
The Baker & McKenzie team was led by Samantha Mobley (EU & Antitrust Partner), in London and Patrick Ahern (Antitrust Partner) in Chicago, with assistance from London EU & Antitrust Associate, Marta Garcia.
Samantha Mobley said: “We are delighted with the outcome of this EC investigation for our client, Chisso, which is one of only four companies ever to have successfully gained full immunity under the EC’s 1996 Leniency Policy. This outcome would not have been possible without the benefit of the experience of our international cartel practice, which is currently defending clients in over 20 cartel investigations worldwide.”
About Baker + McKenzie
The Baker & McKenzie Global Antitrust Group comprises one of the largest antitrust practices in the world, with over 190 lawyers, and is headed by Lynda Martin Alegi, who is based in London. The Group’s practice encompasses the full range of antitrust and competition law advice. It covers merger control, regulatory investigations, and appeals including cartels, antitrust and competition litigation, criminal antitrust, general advisory work, and compliance planning and training, as well as lobbying on antitrust and competition-related issues.
Global law firm Baker & McKenzie was established over 50 years ago and has 66 offices in 36 countries. The Firm established a truly global presence, with an office in each of the world’s major money centres, more than 25 years ago.
Worldwide, Baker & McKenzie has 628 partners, 3,210 qualified lawyers and a total of over 4,430 legal professionals. The Chairman of the International Firm is Christine Lagarde.
Global revenue for FY03 exceeded US$1.134 billion.
The London Office has 71 Partners, 274 qualified lawyers and a total of 362 legal professionals.