The EU Commission introduces settlement procedure for cartel cases

On 30 June 2008, the European Commission introduced a new settlement procedure for cartel cases. Under the new procedure, the parties in a cartel investigation may acknowledge their breach of European antitrust law and waive certain procedural rights in exchange for a 10% reduction of the fine. The procedure, adopted following a public consultation initiated in October last year, is aimed at making the Commission’s cartel enforcement more efficient; it applies as from the day when the package is published in the EU Official Journal. Why has the Commission adopted a settlement procedure in cartel cases? The Commission has every reason to speed up cartel proceedings. The Commission is on the verge of becoming a victim of its own, successful, leniency programme. Since the entry into

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Anne Wachsmann, Sir Christopher Bellamy, Nicole Kar, Olivier D'Ormesson, Jonas Koponen, Gerwin Van Gerven, Joseph P. Armao, The EU Commission introduces settlement procedure for cartel cases, 30 juin 2008, Bulletin e-Competitions June 2008, Art. N° 41536

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