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Cooperation under the Leniency Program and the Settlement

Procedure.

The detection mechanisms provided by an effective com-

pliance strategy can also help to get the best out of the Commission’s

leniency program. Aimed at enabling the detection of secret agree-

ments between competitors, it offers a unique opportunity for under-

takings willing to cooperate with the Commission, to receive immuni-

ty from fines or to get a fine reduced.

Finally, if undertakings are prepared to acknowledge their partic-

ipation in a cartel, the Commission may invite them to participate in a

swifter conclusion of the procedure. The undertakings’ cooperation in

this “settlement” procedure is rewarded with a 10% reduction of the

fine in addition to any reduction for leniency.

Conclusion

The publication of such a Brochure is extremely helpful for under-

takings. Indeed, this Brochure will ensure that undertakings are aware,

on the one hand, of the risks of non-compliance with EU competition

rules and on the other hand, of the steps that they can take in order to

ensure compliance.

The preparation of such a Brochure would also be appropriate in

Turkey. As a matter of fact, a lot of undertakings are still not aware of

the competition rules considering that competition law is a new field

which is applied for only 15 years.

COMPETITION LAW

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