ECN Brief

settlement

settlement

HCC introduces settlement procedure for cartels

The Hellenic Competition Commission (HCC) (by its unanimous Decision No. 628/2016) established the terms and conditions of the settlement procedure in cartel cases, according to the provisions of Articles 25a and 14 par 2 of the Greek Competition Act.

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A possible 10% fine reduction

On 2 November 2015, the Hungarian Competition Authority (GVH) published a notice explaining the basis of the application of settlement. According to the Hungarian Competition Act, in competition supervision proceedings initiated after 1 July 2014, undertakings which acknowledge their liability for infringements and waive certain of their procedural rights, receive a 10% reduction in the fines imposed in certain cases.

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