How to avoid fines in antitrust cases
"The two competition authorities with jurisdiction in this country – the Czech Republic’s Office for the Protection of Economic Competition and the European Commission – impose steep fines on companies violating the ban on anti-competitive practices.
"Indeed, a competition authority may charge a violator up to 10 percent of its annual turnover.
"In recent years, the fines imposed by competition authorities have steadily increased. This trend could create problems (even for firms with plenty of capital) such as lower anticipated profits or less financing being available for important investments. In the worst-case scenario, it could threaten a company’s very existence. [Czech Business Weekly]
"Indeed, a competition authority may charge a violator up to 10 percent of its annual turnover.
"In recent years, the fines imposed by competition authorities have steadily increased. This trend could create problems (even for firms with plenty of capital) such as lower anticipated profits or less financing being available for important investments. In the worst-case scenario, it could threaten a company’s very existence. [Czech Business Weekly]




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