INFO CENTER« Cases and Current Investigations
Candle Wax (Paraffin Wax)May 2014
In October 2008, the European Commission found that wax manufacturers from 10 company groups representing over 75% of the market had participated in illegal price fixing and market allocation for sales of paraffin wax and slack wax for periods during 1992 and 2005. The cartelists included companies from Exxon, ENI, Hansen/H&R, MOL, Respol, RWE, Sasol, Shell, Total and Tudapetrol. To access the Commission Decision please click here.
Proceedings were commenced by Hausfeld against companies from the Shell and Exxon groups in English High Court in London in July 2009. (Sintesi e Ricerca S.p.A & Others v. Royal Dutch Shell plc and Ors (HC-09-C026272); Carberry Candles Limited & Others v. Royal Dutch Shell plc and Ors (HC-11-C03407)). On the principle that cartelists are jointly and severally liable for losses arising from the cartel, our thirty clients sought to recover all their losses from Shell and Exxon without the need to claim directly against the remaining members fo the cartel. Contribution proceedings were commenced by Shell in November 2009 in which they claimed a contribution to any judgment from all other participants in the cartel. All the proceedings, were ultimately resolved.
Practice Areas: Antitrust / Competition
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