Paris, 2/12/16 - The 2016 OECD Global Forum on Competition will be discussing "Sanctions in antitrust cases" on its second day.
Competition law offenders are often subject to fines (civil, administrative or criminal). Fines impose a cost on those companies or individuals undertaking illegal anticompetitive conduct. Breaking competition laws is profitable if it goes undetected. Fines play a role in deterrence by making unlawful conduct less profitable.
From the perspective of the company, it will not violate the law if the expected monetary sanctions are greater than the expected illegal gain. It may have a financial incentive to violate the law if the expected illegal gain is greater than the expected monetary sanctions. Behind this trend, a number of competition authorities have put forth a great deal of effort to adopt or revise their legislation or guidelines on fines.
This discussion addressed how sanctions including fines are applied in various jurisdictions and benefited from participating delegations' enforcement experiences.
|GLOBAL FORUM SESSION DOCUMENTATION
PANNELISTS, PAPERS AND PRESENTATIONS
Caron BEATON-WELLS Bio
Vani CHETTY Bio
John M. Connor Bio
CONTRIBUTIONS FROM PARTICIPANTS
OTHER 2016 FORUM SESSIONS
Relationship between Public and Private Antitrust Enforcement, OECD Best Practice Roundtables, 2015
Criteria for Setting Fines for Competition Law Infringements, Latin American Competition Forum 2013
Promoting Compliance with Competition Law, OECD Best Practices Roundtables, 2011