Monday, December 10, 2012
Posted by D. Daniel Sokol
Clara Guzman Zapater, IE Business School describes The Leniency Program in the Spanish Competition Act: A Practical Vision.
ABSTRACT: The investigation and prosecution of all anticompetitive agreements between competitors or the so called cartels is a priority for the Spanish National Competition Authority (CNC). The Leniency Program, being one of the most effective tools in destabilizing and dismantling these anticompetitive agreements, only came into force in Spain on March 2008. Following a four year experience, it may be concluded that this program, which was designed on the basis of its sister European programs, the results seem highly positive. The present document deals with its procedural characteristics and its effective application in Spain, through a comprehensive lecture of the CNC’s Council decisions on this matter.