The German Federal Cartel Office releases new and more stringent fining guidelines
On 25 June 2013, the German Federal Cartel Office (FCO) released new fining guidelines for competition law infringements. The new fining guidelines implement the German Federal Court of Justice’s recent decision, in which it overturned the current interpretation of Section 81(4), subsection 2 of the German Act Against Restraints of Competition (GWB) as the applicable 10 per cent ‘cap’ on the total amount of fines linked to consolidated worldwide turnover. The court reinterpreted the 10 per cent turnover threshold, instead, as the maximum level of a ‘range’ within which fines could be set…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from The Lawyer
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.