European Commission to settle half its cartel investigations in 2013
In a speech delivered at the College of Europe in Bruges on 14 January 2013, Joaquín Almunia, Vice-President of the European Commission, and Commissioner responsible for Competition, stated that the Commission hopes to settle around half of its outstanding cartel investigations in 2013, using the settlement procedure instituted in July 2008. To date, the European Commission has settled six cartel cases under the 2008 settlement procedure, involving numerous companies. One of the settlements was a “hybrid” case, where not all parties involved pursued settlement. Going forward, many more settlements are to be expected, making it essential for companies under investigation by the Commission to understand the settlement procedure to ensure they are fully prepared to make an informed choice if they are invited to enter into settlement discussions.
Click on the link above to download this McDermott Will & Emery briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from The Lawyer
Briefings from McDermott Will & Emery
On 24 January 2013, the Internal Market and Consumer Protection committee of the European Parliament endorsed a new Regulation setting out customs procedures for goods suspected of infringing intellectual property rights.
Privacy and data protection continue to be an exploding area of focus for regulators in the United States and beyond.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.