The French Competition Authority fines for the first time two companies for breaching their commitments undertaken under the settlement procedure (Neopost)

On 30 June 2010, the French Competition Authority handed down its first decision whereby it imposed sanctions on two undertakings for having breached their commitments signed five years earlier, in the framework of the settlement procedure set forth under article L. 464-2 III of the French Commercial Code. The Settlement procedure under French Competition Law The settlement proceeding exists under French law since 2001 [1], and the Competition Council (today, the Competition Authority) was the first NCA in Europe to enjoy the use of this new legal instrument. The settlement proceeding shall not be confused with the “commitments” proceeding. Indeed, while the settlement procedure may be initiated even though the parties have been notified the statement of objections by the Competition

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  • Norton Rose Fulbright (Paris)

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Lila Ferchiche, The French Competition Authority fines for the first time two companies for breaching their commitments undertaken under the settlement procedure (Neopost), 30 June 2010, e-Competitions Bulletin June 2010, Art. N° 32657

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