E.U. To Increase Antitrust Fines

Law360, New York (June 27, 2006, 12:00 AM EDT) -- The European Union’s antitrust watchdog is set to revise Wednesday its guidelines for calculating fines, a move that will dramatically increase potential damages for the most prolific violators.

The rule change, to be considered during a meeting of the full Commission Wednesday, will amplify the deterrent effect of the European Commission’s already-stiff penalties, according to a Commission insider.

Crafted over the past few years, the change is also a retort to Europe’s appeals courts, which frequently reduce massive fines leveled by the E.U.’s competition authority....
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