The Egyptian Competition Authority recently published the first Egyptian guidelines on the process for obtaining amnesty or leniency from criminal prosecution for antitrust cartel violations, signaling the agency's intent to activate this tool in future enforcement activities. The guidelines explain the incentives offered to whistleblowers to report suspected violations, including full amnesty for the first witness to come forward. However, the guidelines leave the door open for some potential risk of criminal liability and follow-on private damages, which counsels prudence. The Egyptian Law on Protection of Competition and Prohibition of Monopolistic Practices ("Competition Law"), enacted in 2005, was amended in 2014 to introduce a right to full amnesty for the first whistleblower
Share on
|
|
The Egyptian Competition Authority publishes guidelines for obtaining amnesty or leniency from criminal prosecution for antitrust cartel violations
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.
