LEGAL PRACTICE : INTERNATIONAL SURVEY - FINES QUANTIFICATION - EFFECT - DETERRENCE

Antitrust fine quantification : Results of an international survey

An international survey among lawyers and professors was launched under the aegis of Concurrences in order to compare the antitrust fine quantification. Two fine-setting methodologies compete across the selected jurisdictions depending on the implementation of the concept of a basic fine. On first hand, the adoption of a basic amount of fine offers the advantage of legal certainty to the addressees of sanction. On second hand, the other methodology without any basic amount of fine includes the deadweight welfare loss as an element of the final amount of fine. This last element of the deadweight welfare loss may contribute to the deterrence effect of the antitrust fine.

1. In January 2010, the European Commission held an economist workshop on the quantification of harm caused by the infringements to the EU antitrust rules. [1] Debates dealt with a range of obstacles to the enforcement of the victims' rights to damages. Those obstacles derive often from legal or procedural rules in Member States, giving rise to legal uncertainty. [2] More precisely, three questions were raised about the definition, the quantification of damages and the quantification of fines by reference to those damages. The first two questions were addressed by innovative contributions from the recent economist workshop. The last question of the quantification of fines remained quite uncovered as if the evaluation of damages had to be followed by a definite amount of fines. This

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Auteurs

  • Linklaters (London)
  • Lakatos, Köves (Budapest)
  • Bredin Prat (Paris)
  • Eberhard Karls University of Tübingen
  • Spanish Competition Authority (Madrid)
  • HEC (Jouy-en-Josas)
  • Autorité de la concurrence (Paris)
  • Autorité de la concurrence (Paris)

Citation

Christopher Bellamy QC, Eszter Ritter, Hugues Calvet, Stefan Thomas, Cani Fernández, Delphine Riccardi-Benin, Laure Gauthier, Julien Neto, Antitrust fine quantification : Results of an international survey, décembre 2010, Concurrences N° 4-2010, Art. N° 32988, pp. 247-251

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