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....
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.