IMMUNITY AND LENIENCY POLICY IN COMPETITION CASES
Journal Title: Challenges of the knowledge society ( Provocari ale societatii cunoasterii ) - Year 2017, Vol 9, Issue 11
Abstract
It is fully known that the premises for market economics resides on free competition. In other words, market player must make all the necessary efforts in order to obtain the desired results on their own, through business innovation and increased efficiency. In order to protect this, the competition primary and secondary legislation is carefully tailored to such needs, supporting and protecting the internal market from the companies’ tendency to distort competition. As such, competition law offers the companies’ involved in anticompetitive agreements methods to either waive the entire fine or to diminish it considerably. The aim is to encourage companies to bring upfront anticompetitive agreements that aim to distort competition and free market, thus protecting the internal market. The competition law itself does not pursue to sanction players that acted in an anticompetitive manner, but to prevent such behavior, because prevention is more important than reducing the effects afterwards. In the present paper we aim to make a radiography of the methods of eliminating or reducing a fine that a company have in our national law when it comes to anticompetitive agreements.
Authors and Affiliations
Ana-Maria UDRISTE, Adelina VOICU
Keywords
Related Articles
- EP ID EP297357
- DOI -
- Views 118
- Downloads 0
CULTURAL TOURISM IN CENTRAL REGION OF ROMANIA
Romania has a multitude of natural and cultural attractions, with five of the European biogeographical regions and seven sites included in the UNESCO heritage, but it does not sufficiently exploit its touristic potential...
OBSERVANCE OF THE FUNDAMENTAL RIGHTS OF CONVICTED INDIVIDUALS DURING THE RE-EDUCATION AND SOCIAL REINSERTION PROCESS
The recent criminal justice reform brought by the entry into force of the new Criminal Code and the new Criminal Procedure Code carries forward the changes in approach with regard to sentence execution, introduced follow...
ASPECTS REGARDING THE TERMINATION OF THE LEGAL EFFECTS OF NORMATIVE ADMINISTRATIVE ACTS
The final cessation of the legal effects of administrative acts can be achieved by annulment and revocation. Both are legal operations that lead to the termination of legal effects of administrative acts. A controversial...
QUALIFICATION OF ADMINISTRATIVE ACTS AS NORMATIVE AND INDIVIDUAL ACTS. THEORETICAL AND PRACTICAL ISSUES
The paper aims at analysing the administrative acts of a normative character and the administrative acts of an individual character, provided for in art. 2 par. (1) letter c) of the Law on the administrative contentious...
DELEGATED ACTS AND IMPLEMENTING ACTS – NEW LEGAL ACTS OF THE EUROPEAN UNION
The Lisbon Treaty has introduced a new generic title – “legal acts” referring to the secondary European Union Law acts (art. 288-289 TFEU), compulsory or not, but also to the new delegated acts and implementing acts. The...