Jurisdiction(s):
United Kingdom

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

CJEU clarifies EU Trucks cartel decision covers all medium and heavy trucks except military, including specialised refuse collection vehicles (Case C‑588/20 Daimler)

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED

This archived case hub reflects the position as at the judgment date of 1 August 2022; it is no longer maintained. See further, timeline.

Case facts

Outline

A national Reference from Germany asked whether the Commission’s Infringement decision against several truck manufacturers (Trucks-AT.39824) should be read as including special-purpose/specialised vehicles, notably refuse collection vehicles, within its findings.

Latest developments

On 1 August 2022, the Court of Justice delivered its judgment, indicating that the Commission’s infringement decision is to be interpreted as covering specialised trucks, including household refuse collection trucks, within the scope of the products affected by the cartel.

Parties

Applicant: Landkreis Northeim (LN)
Defendant: Daimler AG (Daimler)

Market

Trucks.

Background to reference

Background

The Commission carried out dawn raids in January 2011 following an immunity application submitted by MAN. A statement of objections was issued on 20 November 2014. On 19 July 2016, the Commission adopted a decision finding that a number of truck manufacturers, including Daimler, had taken part (from 1997 to 2011) in a cartel concerning, inter alia, pricing...

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Web page updated on 28/05/2026

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