The European Commission publishes a legislative proposal enabling cartel defendants to enter into settlement discussions with the Commission in exchange for earlier certainty about the level of fines

The Commission has published a legislative proposal to allow it to deal more rapidly with cartel cases. [1] The proposal would enable cartel defendants to enter into settlement discussions with the Commission in exchange for earlier certainty about the level of fines and a yet unspecified reduction in the fines; defendants would admit to their illegal cartel activities and accept liability. The fine reduction would be in addition to any reduction arising from a leniency application. The settlement procedure would be available only for cartel cases, and not to defendants in parallel import, resale price maintenance or abuse of dominance investigations, all of which can also lead to substantial fines. The Commission is calling for comments on its proposal to be submitted by 21 December

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Frédéric Louis, John Ratliff, Thomas Mueller, The European Commission publishes a legislative proposal enabling cartel defendants to enter into settlement discussions with the Commission in exchange for earlier certainty about the level of fines, 26 October 2007, e-Competitions Bulletin Cartel settlements, Art. N° 37148

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