Cartel fines hiked as a deterrent

July 2006
ICIS Chemical Business;7/3/2006, Vol. 1 Issue 26, p11
Trade Publication
The reports on the statement from the European Commission that companies participating in cartels, price-fixing and other abuses of a dominant market position face huge increases in fines in Europe. The guidelines will be published in the European Union's Official Journal. The guidelines also introduce an entry fee, equivalent to 1525% of company annual turnover as deterrent, and will be levied irrespective of how long firms participate.


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