Key Parts Of Germany’s New Antitrust Fining Guidelines

Law360, New York (July 11, 2013, 11:55 AM EDT) -- On June 25, 2013, the German Federal Cartel Office published new antitrust fining guidelines. The replacement of the FCO’s previous guidelines was necessitated by a decision of Germany’s Federal Supreme Court, effectively declaring these guidelines inapplicable. While the basic methodology for setting fines does not change radically, the new guidelines place greater emphasis on a group’s total revenues, which may trigger higher fines for large corporations.

Background

Under German law, the statutory maximum level for antitrust fines is 10 percent of a group’s total revenues in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.