Greek Competition Watchdog Revises Leniency Program

Law360, New York (November 29, 2011, 7:20 PM EST) -- Greece's competition authority unveiled revisions to its amnesty program for cartel participants Friday, aiming to align the regime with current European Union standards and practices and boost its power to root out anti-competitive conduct.

The Hellenic Competition Commission said that attractive and effective amnesty programs in other jurisdictions have proved to be the "most appropriate and effective measure" to uncover and combat cartel behavior, including price-fixing, market sharing, bid-rigging, import or export restrictions, and collective boycotts, among other types of illegal conduct.

"Such horizontal anti-competitive practices,...
To view the full article, register now.