Database on German and European Economic Law

 Regulation (EC) No 622/2008

I. Description

The European Commission has introduced a settlement procedure for cartels which will allow the Commission to settle cartel cases through a simplified procedure. Under this procedure, parties, having seen the evidence in the Commission file, choose to acknowledge their involvement in the cartel and their liability for it. In return for this acknowledgement, the Commission can reduce the fine imposed on the parties by 10%. Settlements aim to simplify the administrative proceedings and could reduce litigation before the European Courts in cartel cases. This will in turn free Commission resources to pursue other cases. The Commission has analysed the 51 contributions received during the public consultation launched on 26th October 2007  and has revised the package in consultation with the Member States' competition authorities. The legislative package consists of a Commission Regulation together with a Commission Notice (the "settlement notice", ABL. 2008/C 167/1) explaining the new system in detail.

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II. General Information

Title

Commission Regulation (EC) No 622/2008 of 30 June 2008 amending Regulation (EC) No 773/2004, as regards the conduct of settlement procedures in cartel cases

Status
Existing
Regulation
(EC) No 622/2008
Source
O.J. EC No L (Legislation), Edition 171, Year 2008, p.3
Adoption
06/30/2008
Promulgation
07/01/2008
Character
Regular Act
Legal Basis
Art. 33, 81, 82 EC
Legislative Procedure
Consultation procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Commission Regulation (EC) No 622/2008 of 30 June 2008 amending Regulation (EC) No 773/2004, as regards the conduct of settlement procedures in cartel cases

  (EC) No 622/2008

Beschluss:
06/30/2008 (A)
Verkuendung:
07/01/2008 (P)
(A) Adoption | (P) Promulgation

2. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EC) No 773/2004

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legal Impact