Judgment_paragraph 109 · Total SA and Elf Aquitaine SA v European Commission (T-470/11)

109It is also clear from the case-law that the power conferred on the Commission covers the power to determine the date on which the fine is payable and that on which default interest begins to accrue, the power to set the rate of such interest and to determine the detailed arrangements for implementing its decision by requiring, where appropriate, the provision of a bank guarantee covering the principal amount of the fine imposed plus interest since, if the Commission had no such power, the advantage which undertakings might be able to derive from late payment of fines would weaken the effect of penalties imposed by the Commission when carrying out its task of ensuring that the rules on competition are applied (Case T‑275/94 CB v Commission, ECR, EU:T:1995:141, paragraphs 47 and 48).

Total SA and Elf Aquitaine SA v European Commission (T-470/11)

Total SA and Elf Aquitaine SA v European Commission (T-470/11)

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