Russia introduces a “leniency program” (Article 14.32 of Federal Law N° 135-FZ)

On 13 May 2007, the turnover-based fine, for entering into agreements that limit competition or for participating in concerted actions that limit competition, was introduced into Russian competition legislation by amendments to the Code of Administrative Violations of the Russian Federation. Article 14.32 of the Code is new and provides that legal entities which enter into agreements or participate in concerted actions prohibited by the Law on the Protection of Competition may be fined an amount ranging from 1% to 15% of the offendor's proceeds of the sales of goods or services in the market in which the offence occurred. The officers of the company found guilty under the above may also be penalized by a fine of between 17,000

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

Authors

  • Freshfields Bruckhaus Deringer (Moscow)
  • Freshfields Bruckhaus Deringer (Moscow)

Quotation

Alexander Viktorov, Elena Terentieva, Russia introduces a “leniency program” (Article 14.32 of Federal Law N° 135-FZ), October 2007, e-Competitions Bulletin October 2007, Art. N° 14797

Visites 3899

All issues

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