COMPETITION RULES - GUIDELINES ON ANTITRUST FINES - METHOD - ARTICLES 81 AND 82 EC - THEORY ON OPTIMAL FINES

The European Commission’s 2006 Guidelines on antitrust fines : A legal and economic analysis

On 1 September 2006, the European Commission published new Guidelines on the method it will use when setting fines for undertakings that have infringed the competition rules laid down in Articles 81 and 82 of the EC Treaty. This paper discusses the questions what the purpose is of guidelines, and how foreseeable the amount of fines should be, and analyses the method set out in the new Guidelines in the light of the Commission’s past practice, the case-law of the Community Courts and the theory on optimal fines.

I. Summary of the Guidelines 1. On 1 September 2006, the European Commission published new Guidelines on the method it will use when setting fines to be imposed on undertakings for violations of the prohibitions on restrictive agreements and abuse of a dominant position laid down in Articles 81 and 82 of the EC Treaty and Articles 53 and 54 of the EEA Agreement (« the 2006 Guidelines », « the Guidelines » or « the new Guidelines »). [1] These new guidelines replace earlier guidelines dating from 1998 (« the 1998 Guidelines »). [2] 2. The Guidelines set out a two-step methodology for the setting of fines. [3] First, the Commission will determine a basic amount for each undertaking. Second, it may adjust that basic amount upwards or downwards. 3. The basic amount will be set as a percentage

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Auteur

  • European Commission (Brussels)

Citation

Wouter Wils, The European Commission’s 2006 Guidelines on antitrust fines : A legal and economic analysis, mai 2007, Concurrences N° 2-2007, Art. N° 34938, www.concurrences.com

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