Monday, October 25, 2021

Impact of Cartel Enforcement on Compliance in the Chemical Industry

Impact of Cartel Enforcement on Compliance in the Chemical Industry

 

Gianni De Stefano

European Commission

Andreas Stephan

University of East Anglia (UEA) - Centre for Competition Policy

Abstract

This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry in the period 1997-2010 and compliance measures announced in the Annual Reports of the undertakings involved. It goes on to focus on Akzo Nobel NV’s unique use of an internal amnesty programme, and the level of compliance in the industry following this period of enforcement. Its findings are consistent with cartel enforcement prompting significant investment in compliance measures, with some evidence of those measures resulting in the earlier reporting of cartels in return for leniency and in enforcement action against only one hard core cartel in the decade that followed.

https://lawprofessors.typepad.com/antitrustprof_blog/2021/10/impact-of-cartel-enforcement-on-compliance-in-the-chemical-industry.html

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