ENI Obtains Record Fine Annulment

December 12, 2006

Cleary Gottlieb represented ENI S.p.A., one of the world’s largest energy companies, in a successful appeal which lead to the annulment of the highest antitrust fine ever issued in Italy (and one of the highest ever in Europe).

The Italian Antitrust Authority had fined ENI € 290 million for an alleged exclusionary abuse in the management of the TTPC pipeline, carrying natural gas from Algeria to Italy. However, upholding ENI’s claim, the Regional Administrative Court in Rome annulled the fine. The reasons for the decision will be published at a later date.