Thursday, April 3, 2014
Simone Pieri,ICLA Italia Jacques Moscianese, ESSEC Business School and Irene de Angelis, Intesa Sanpaolo describe In-house Compliance of EU Competition Rules in Practice.
ABSTRACT: The heavy sanctionatory and reputational damage that may follow a violation of EU competition rules is duly taken into account by undertakings that have dramatically increased the investments in competition compliance. EU institutions have adopted a completely neutral position concerning the value to be given to compliance programmes. The industry is deeply engaged in the debate surrounding competition compliance efforts as a number of initiatives taken recently to diffuse compliance culture witness. To structure an effective and robust antitrust compliance programme companies primarily refer to their in-house counsel due to their direct involvement in the company's decisions.