On the Scope for the European Commission's 2006 Fining Guidelines Under the Legal Fine Maximum
Journal of Competition Law and Economics, Vol. 2, No. 4, pp. 673-682, 2006
11 Pages Posted: 26 Oct 2006
Date Written: October 2006
In its recently published fining guidelines, the European Commission bases antitrust fines on affected commerce with the objective to deter competition law infringements. We show that Article 23(2) of Regulation 1/2003 constrains this approach at low fractions of the value of affected EEA commerce over total worldwide turnover. The legal maximum leaves the Commission little scope to apply its new fining method effectively.
Keywords: antitrust, fines, European Commission
JEL Classification: L4, K21, K42
Suggested Citation: Suggested Citation
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By Vivek Ghosal