EU unveils deal for cartelists

Companies suspected of price-fixing in Europe will be able to receive a 10 per cent reduction in their fines only if they admit guilt to the European Commission, under a new 'fast-track' settlement system for cartel cases unveiled on the 30 June 2008.

Deutsche Welle, 1.7.08: EU Will Offer Out-of-Court Settlements to Illegal Cartels http://www.dw-world.de/dw/article/0,2144,3452176,00.html

European Commission: Press Release: IP/08/1056: Antitrust: Commission introduces settlement procedure for cartels http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1056&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Competition: Cartels: Legislation: Settlements http://ec.europa.eu/comm/competition/cartels/legislation/settlements.html

Eur-Activ: Commission offers deal to cartel 'confessors' , 1.7.08 http://www.euractiv.com/competition/commission-offers-deal-cartel-co-news-220182

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