The Hellenic Competition Authority publishes its new cartel leniency program

Dritsa, Anastasia

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4 Nov 2011

The Hellenic Competition Authority publishes its new cartel leniency program

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References

Hellenic Competition Authority, Leniency Program, Decision n°2473, 4 November 2011 (Greek)

Hellenic Competition Authority, real estate agents’ associations, Decision n°518/VI/2011, 23 March 2011 (Greek)

Hellenic Competition Authority, gas supply companies, Decision n°516/VI/2011, 3 March 2011(Greek)

Hellenic Competition Authority, Association of Undertakings of Maritime Transport Services, Decision n°507*/VI/2010 , 10 November 2010(Greek)

Towards the end of 2011, Greece adopted its new cartel leniency program (“New Leniency Program”) in replacement of the 2006 leniency program which had not led to any successful leniency applications. The main changes brought about under the new regime relate to the persons who may apply for leniency, the conditions under which such application may be submitted, and the procedures which the applicants must follow, as summarised below: a) Applicants: the New Leniency Program extends the right to apply to individuals who are subject to fines for Article 1(1) of Law 3959/2011 and/or Article 101(1) TFEU; b) Conditions: the New Leniency Program abolishes the prohibition for recidivists to apply for immunity or a reduction of the fine. With respect to coercing undertakings, they are still

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Author

Anastasia Dritsa
Kyriakides Georgopoulos (Athens)

Greece 60 contributions 1840 visits

Quotation

Anastasia Dritsa, The Hellenic Competition Authority publishes its new cartel leniency program, 4 November 2011, e-Competitions November 2011, Art. N° 99877

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