Inability To Pay the Fines Imposed by the European Commission in Cartel Proceedings: How To Navigate the Maze?
Olivier Billard, Guillaume Fabre, Inability to pay the fines imposed by the European Commission in cartel proceedings: How to navigate the maze?, February 2018, Concurrences N° 1-2018, Art. N° 85696, pp. 232-240
Posted: 17 Jun 2021
Date Written: October 14, 2018
When a firm that took part in a cartel faces the risk that the Commission imposes a fine that is disproportionate as compared to its ability to pay and that could lead it to exit from the market, it may explore various procedural options to request that its economic and financial situation be taken into account. However, these procedural options are subject to very strict conditions and their articulation is not necessarily obvious.
Keywords: European Union, Procedures, Cartel, Sanctions, Failing Firm Defense
JEL Classification: K21
Suggested Citation: Suggested Citation