ShippingWatch

Disagreement complicates EU case against 14 carriers

The EU Commission's case against 14 container carriers will be completely settled by no earlier than 2016, says lawyer Matthew Levitt, partner at Hogan Lovells. ShippingWatch's sources inform that the parties still disagree on several points.

Photo: Hapag-Lloyd

The container industry will likely have to wait until the spring of 2016 for final clarification about the protracted investigation, underway for several years now, into 14 container carriers' alleged, illegal cooperation on prices.

In any case, one of the key parties in the case, partner at Brussels-based law firm Hogan Hovells, Matthew Levitt, estimates that "late in the first quarter 2016" is the earliest date by which the can be finally settled and implemented, in light of how the case is progressing today. Matthew Levitt explains that, even if the case between the parties is decided before Christmas, as has been mentioned, it will still take months before the case can be classified as completely settled.

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