Antitrust Antitrust

BEH sees annulment of EUR77 million antitrust fine over evidential and procedural shortcomings

By Nicholas Hirst and Lewis Crofts
  • 25 Oct 2023 12:07
  • 25 Oct 2023 12:07
Bulgarian Energy Holding’s 77 million-euro EU antitrust fine for capacity hoarding was based on insufficient evidence, judges in the bloc ruled today, as they struck down the sanction. 
A ruling published this morning (see here) largely backed the EU regulator’s theory that the Bulgarian incumbent could be held responsible for

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Nicholas Hirst

Chief Correspondent

Nicholas covers EU merger review and antitrust investigations for Mlex in Brussels. He previously wrote about EU affairs for Politico Europe, European Voice and PaRR. After earning an LLM in European law from the College of Europe in Bruges, he spent a year working in the competition practice of a leading competition law firm in Brussels 2009-10. He graduated in modern European languages from Oxford University in 2006.

Lewis Crofts


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

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