Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

A Member of the Law Professor Blogs Network

Thursday, November 17, 2011

The EU Competition Law Fining System

Posted by D. Daniel Sokol

Damien Geradin, Tilburg University - Tilburg Law and Economics Center (TILEC), University of Michigan Law School, Tilburg Law School explores The EU Competition Law Fining System.

ABSTRACT: The objectives of this report are to: describe the fining policy of the European Commission for breach of EU competition rules; assess this policy in light of the criticisms that have been made by academics, practitioners and other stakeholders; and to the extent these criticisms are justified, make concrete proposals to improve the Commission’s fining policy.

This discussion paper does not suggest that undertakings that have breached EU competition rules should get off the hook lightly. Sanctions should be part of all legal regimes and this is also true for competition law. Because of the severe harm that can be created by competition law infringements, sanctions for such infringements must be sufficiently strict to ensure deterrence. Against this background, the proposals made in this discussion paper seek to improve the efficiency and fairness of such sanctions, and ensure that they are made at the least cost to society. Some of these proposals are easier to implement than others, and it is not suggested that all proposals should be implemented at once.

http://lawprofessors.typepad.com/antitrustprof_blog/2011/11/the-eu-competition-law-fining-system-1.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0153923ef006970b

Listed below are links to weblogs that reference The EU Competition Law Fining System:

Comments

Post a comment