The Hellenic Competition Authority introduces settlement procedure for cartels

HCC introduces settlement procedure for cartels* By its unanimous Decision No. 628/2016, the Hellenic Competition Commission (HCC) established the terms and conditions of the settlement procedure in cartel cases, according to the provisions of Articles 25a and 14 par 2 of the Greek Competition Act. The new Settlement Procedure concerns cases where undertakings or associations of undertakings make a clear and unequivocal acknowledgement of participation and liability in relation to their participation in horizontal agreements (cartels) and the subsequent breach of competition law (Article 1 of the Greek Competition Act and/or Article 101 TFEU). As a result, they can obtain a reduction of the imposed fine by 15%, provided that certain conditions are fulfilled. The new Settlement

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Hellenic Competition Authority, The Hellenic Competition Authority introduces settlement procedure for cartels, 21 July 2016, e-Competitions Bulletin July 2016, Art. N° 80977

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