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European commission adopts a revised leniency notice

December 2007 - Corporate & Commercial. Legal Developments by Bersay & Associés .

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With the benefit of ten years’ experience in implementing its leniency program, introduced in 1996, the European Commission adopted, on 8 December 2006, a new leniency notice, aiming at increasing the efficiency and attractiveness of this policy which, according to the Commission, is “a powerful tool to detect, destabilise and terminate cartels.

The leniency program, which also exists under French law, allows the Commission to offer complete immunity or a reduction of fines for undertakings involved in an anticompetitive practice, in exchange for disclosure of information concerning that practice and cooperation in the investigation conducted.

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