The European Commission issues new Fining Guidelines

On Wednesday, the European Commission issued new Guidelines on the method of setting fines on companies infringing competition law - replacing the old 1998 Guidelines. The stated aims of the new Guidelines are to bring greater transparency and predictability to fining practice and to increase the deterrent effect of the Commission’s fines. In the past, lack of clarity regarding the Commission’s fine calculations made it almost impossible for undertakings to estimate the fine they would incur. The result of this uncertainty was that most appeals lodged with the European Courts against infringement decisions almost exclusively raised issues regarding the calculation of the fines, especially in cartel cases. The European Courts thus set out a piecemeal policy, which in turn gave rise to

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • Euclid Law (London)

Quotation

Robert Gavin, The European Commission issues new Fining Guidelines, 28 June 2006, e-Competitions June 2006, Art. N° 41764

Visites 168

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues