Saturday, June 28, 2014
Optimal and Just Financial Penalties for Competition Law Infringements 1 July 2014 from 17:15 to 19:15
Optimal and Just Financial Penalties for Competition Law Infringements
UCL Faculty of Laws
Tuesday, 1 July 2014 from 17:15 to 19:15 (BST)
London, United Kingdom
The CLES has completed a report on financial penalties for competition law infringements for the Chilean Economic Prosecutor (Fiscalia) taking a law and economics and a comparative law perspective (EU, UK, Germany, France, US) and making suggestions for the reform of the financial penalties regimes for competition law infringements in Chile but also other jurisdictions. The report was drafted by a CLES team composed by lawyers and economists.
Speakers at the launch include
Felipe Irarrázabal, Economic Prosecutor, Republic of Chile
Frederic Jenny, Chairman, Competition Committee, OECD
Ioannis Lianos, Director, Centre for Law, Economics and Society
Marc Braithwaite, Assistant Director, Competition and Markets Policy, Competition & Markets Authority
Florian Wagner-von Papp, UCL Laws
The panel will particularly examine the following three topics.
(i) The need to adopt a more effects based approach in setting financial penalties for competition law infringements, instead of relying on proxies, such as a percentage of affected sales or commerce. (ii) The role of guidelines and the optimal degree of detail for these guidelines in assessing aggravating and mitigating circumstances. (iii) The role of the judiciary in the process and the optimal intensity of review.
The discussion will provide insights from the relevant experience in the various jurisdictions covered by the report (United States, the EU, the UK, Germany, France).
Book your place at the conference website: https://www.eventbrite.co.uk/e/optimal-and-just-financial-penalties-for-competition-law-infringements-tickets-12016498671