Bridgestone Receives EC Statement of Objections

2nd May 2008 | 0 Comments
 

Bridgestone Corporation has confirmed its receipt of a Statement of Objections on May 1, and the April 30 receipt of a Statement of Objections by its UK subsidiary. These said statements were sent by the European Commission with respect to alleged anticompetitive behaviour regarding the sale of marine hose. The company states it will examine the European Commission’s preliminary findings as reported in the Statement of Objections, and will respond ‘in due course’.

A Statement of Objections is a procedural document whereby the European Commission describes its preliminary view in relation to a possible infringement of EU competition law and allows its addressees to present arguments in response. A Statement of Objections is a preparatory document that does not prejudge the European Commission’s final decision. Any final decision by the European Commission is subject to appeal to the European Courts.

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