The Hellenic Competition Authority introduces a settlement procedure for cartel investigations

After the adoption of a Leniency Programme (2011) and a Commitments Procedure (2014), the recent introduction by the Hellenic Competition Commission of a Settlement procedure consummates the procedural modernisation of Greek competition law. The successful applicant is rewarded with a 15% fine reduction and the undertakings involved are exempted from the criminal sanctions provided in Law 3959/2011 on the protection of free competition. The HCC considers that the availability of Settlement will speed up and streamline cartel investigations, also limiting the concomitant judicial remedies against infringement decisions. General In line with the relevant EU law and the practice of many other Member States, Law 4386/2016

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  • Kyriakides Georgopoulos Law Firm (Athens)

Quotation

Anastasia Dritsa, The Hellenic Competition Authority introduces a settlement procedure for cartel investigations, 16 July 2016, e-Competitions July 2016, Art. N° 99625

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