Kroes Rebuffs Critics Of EU's Big Antitrust Fines

Law360, New York (September 24, 2009, 6:24 PM EDT) -- In a speech Thursday, European Union Competition Commissioner Neelie Kroes challenged critics of the European Commission’s strategy of imposing increasingly stiff fines for violations of the bloc's competition laws.

Speaking at an antitrust policy conference at Fordham University, Kroes said the deterrent effect of sizable fines — particularly in the absence of an the possibility of prison sentences — should not be underestimated.

“If you operate in Europe, you must play by Europe's rules, just as if you operate in the U.S., you must play by...
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