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The Conditions for the Occurrence of and Excuse from Responsibility in Competition Law

August 2012 - EU & Competition. Legal Developments by Monastyrsky, Zyuba, Stepanov & Partners.

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Let me thank the authors of this conference for the granted opportunity to speak on a most important topic regarding responsibility for non-compliance with competition law. In the narrow legal sense, such responsibility means any penalties being imposed on a violator. They are the main tool for regulation, because their effectiveness, clearness, efficiency and predictability should force any person to comply with the regulatory and, as concerns competition, any personal prescriptions issued by the competent authorities. If an enforcement mechanism is imperfect, then it will promote disorder rather than order.

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