CARTEL SETTLEMENT IN EUROPEAN UNION

Paata Phutkaradze

doi:10.31435/rsglobal_wos/31012020/6884

CARTEL SETTLEMENT IN EUROPEAN UNION

Paata Phutkaradze Institute of International Relations Taras Shevchenko National University, Ukraine

DOI: https://doi.org/10.31435/rsglobal_wos/31012020/6884

Keywords: cartel settlement, leniency program, investigation

Abstract

This article points out the first steps of the cartel settlement and Leniency Program in European Union and positive sides of the mentioned tool for the companies participating in the anticompetitive agreements. Cartel Settlement and Leniency Program played an enormous role for the market to be undistorted and free from any type of anticompetitive practices. It is also worth to mention that introducing of Settlement notice as well as Leniency Program played crucial role for Commission and as well for undertakings to find fastest way out from the anticompetitive practices to settle and protect free and undistorted competition on the market. Both tools are very beneficial and useful for competition and its further development.

References

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Regulation 773/2004 EC, 1st of July 2008, The conduct of settlement procedures in cartel settlement Article 10 and 15

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Europa.eu, Animal feed phosphates

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Connor J.M, Cartel Fine Severity and the European Commission: 2007-2011, European Competition Law Review, 2013. P 1-2

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Published

2020-01-31

Citations

How to Cite

Paata Phutkaradze. (2020). CARTEL SETTLEMENT IN EUROPEAN UNION. International Academy Journal Web of Scholar, (1(43), 32-35. https://doi.org/10.31435/rsglobal_wos/31012020/6884

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Issue

No 1(43) (2020): International Academy Journal Web of Scholar

Section

Legal and Political Science

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