EU Looking To Speed Up Cartel Settlements

Law360, New York (October 26, 2007, 12:00 AM EDT) -- Europe's competition watchdog is seeking the public's input on a plan to allow faster and cheaper settlements for companies that own up to their involvement in a cartel, a plan the European Commission says would free up resources and allow it to pursue more cases.

Parties who want to submit comments on the draft legislative package, which the EC says is geared toward simplifying proceedings and reducing litigation, have until December 21 to do so. Under the proposed settlement procedure, the EC could impose a lower...
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