Publication

According to this report, the European Commission's Directorate General for Competition is facing acute problems in its investigation and prosecution of cartels. After evaluating current practice, the author argues for a comprehensive modernization of the Commission's anti-cartel regime: stripping away the limitations on the application of the leniency program; streamlining the procedure to encourage greater throughput of cases; and reforming the sanctions regime to allow individual sanctions, to ensure personal accountability for price-fixing by corporate executives.