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Book-Cartel-Regulations-2017.Pdf GETTING THROUGH THE DEAL Cartel Regulation Cartel Regulation Cartel Regulation Contributing editor A Neil Campbell 2017 2017 © Law Business Research 2016 Cartel Regulation 2017 Contributing editor A Neil Campbell McMillan LLP Publisher Law The information provided in this publication is Gideon Roberton general and may not apply in a specific situation. [email protected] Business Legal advice should always be sought before taking Research any legal action based on the information provided. Subscriptions This information is not intended to create, nor does Sophie Pallier Published by receipt of it constitute, a lawyer–client relationship. [email protected] Law Business Research Ltd The publishers and authors accept no responsibility 87 Lancaster Road for any acts or omissions contained herein. The Senior business development managers London, W11 1QQ, UK information provided was verified between Alan Lee Tel: +44 20 3708 4199 September and November 2016. Be advised that this [email protected] Fax: +44 20 7229 6910 is a developing area. Adam Sargent © Law Business Research Ltd 2016 [email protected] No photocopying without a CLA licence. Printed and distributed by First published 2001 Encompass Print Solutions Dan White Seventeenth edition Tel: 0844 2480 112 [email protected] ISSN 1473-3420 © Law Business Research 2016 CONTENTS Editor’s foreword 7 Finland 96 A Neil Campbell Mikael Wahlbeck and Antti Järvinen McMillan LLP Hannes Snellman Attorneys Ltd Global overview 8 France 103 Peter K Huston, Ken Daly and Lei Li Jacques-Philippe Gunther, Faustine Viala and Sara Ortoli Sidley Austin LLP Willkie Farr & Gallagher LLP Brexit 12 Germany 111 Anna Lyle-Smythe and Chad de Souza Thorsten Mäger and Florian von Schreitter Slaughter and May Hengeler Mueller Hans-Jörg Niemeyer and Christian Kovács Hengeler Mueller Greece 119 Marina Stavropoulou ICN 15 DRAS-IS John Terzaken and Jana Steenholdt Allen & Overy Hong Kong 125 Natalie Yeung Australia 18 Slaughter and May Michael Corrigan, Ian Reynolds and Matthew Evans Clayton Utz India 131 Suchitra Chitale Austria 27 C&C Partners (Chitale & Chitale) Astrid Ablasser-Neuhuber and Florian Neumayr bpv Hügel Rechtsanwälte Indonesia 137 HMBC Rikrik Rizkiyana, Albert Boy Situmorang and Brazil 34 Anastasia P R Daniyati Onofre Carlos de Arruda Sampaio and André Cutait de Arruda Assegaf Hamzah and Partners Sampaio O C Arruda Sampaio Israel 143 Eytan Epstein, Tamar Dolev-Green and Eti Portook Bulgaria 40 M Firon & Co Law Offices Anna Rizova and Dessislava Iordanova Wolf Theiss Italy 151 Rino Caiazzo and Francesca Costantini Canada 47 Caiazzo Donnini Pappalardo & Associati A Neil Campbell, Casey W Halladay and Guy Pinsonnault McMillan LLP Japan 160 Eriko Watanabe China 56 Nagashima Ohno & Tsunematsu Susan Ning and Hazel Yin King & Wood Mallesons Korea 167 Hoil Yoon, Sinsung (Sean) Yun and Kenneth T Kim Cyprus 65 Yoon & Yang LLC Pantelis Christofides L Papaphilippou & Co LLC Advocates & Legal Consultants Macedonia 175 Tatjana Popovski Buloski and Metodija Velkov Denmark 72 Polenak Law Firm Olaf Koktvedgaard, Søren Zinck and Frederik André Bork Bruun & Hjejle Malaysia 183 Sharon Tan Suyin and Nadarashnaraj Sargunaraj Ecuador 79 Zaid Ibrahim & Co Daniel Robalino-Orellana, Alberto Brown and José Urízar Ferrere Abogados Malta 191 Mark Refalo European Union 84 Refalo & Zammit Pace Advocates Anna Lyle-Smythe and Murray Reeve Slaughter and May Mexico 196 Hans-Jörg Niemeyer and Hannah Ehlers Rafael Valdés-Abascal and José Ángel Santiago-Ábrego Hengeler Mueller Valdes Abascal Abogados SC 2 Getting the Deal Through – Cartel Regulation 2017 © Law Business Research 2016 CONTENTS Netherlands 203 Sweden 256 Jolling K de Pree and Stefan Molin Tommy Pettersson, Johan Carle and Stefan Perván Lindeborg De Brauw Blackstone Westbroek NV Mannheimer Swartling Nigeria 212 Switzerland 265 Babatunde Irukera and Ikem Isiekwena Marcel Meinhardt, Benoît Merkt and Astrid Waser SimmonsCooper Partners Lenz & Staehelin Norway 218 Taiwan 273 Thomas Sando and Aksel Joachim Hageler Mark Ohlson, Anthony Lo and Felix Wang Advokatfirmaet Steenstrup Stordrange DA Yangming Partners Portugal 225 Turkey 280 Mário Marques Mendes and Alexandra Dias Henriques Gönenç Gürkaynak and K Korhan Yıldırım Gómez-Acebo & Pombo ELIG, Attorneys-at-Law Russia 235 United Kingdom 288 Evgeniya Rakhmanina Lisa Wright and Shruti Hiremath Linklaters CIS Slaughter and May Singapore 241 United States 301 Lim Chong Kin and Scott Clements Martin M Toto Drew & Napier LLC White & Case LLP Spain 249 Ukraine 310 Juan Jiménez-Laiglesia, Alfonso Ois and Arturo Lacave Nataliia Isakhanova, Ivan Podpalov and Igor Kabanov EY Abogados, SLP Sergii Koziakov & Partners Quick reference tables 318 www.gettingthedealthrough.com 3 © Law Business Research 2016 PREFACE Preface Cartel Regulation 2017 Seventeenth edition Getting the Deal Through is delighted to publish the seventeenth edition of Cartel Regulation, which is available in print, as an e-book and online at www.gettingthedealthrough.com. Getting the Deal Through provides international expert analysis in key areas of law, practice and regulation for corporate counsel, cross-border legal practitioners, and company directors and officers. Throughout this edition, and following the unique Getting the Deal Through format, the same key questions are answered by leading practitioners in each of the jurisdictions featured. Our coverage this year includes new chapters on Bulgaria, Greece, Russia, and a new article on Brexit. Getting the Deal Through titles are published annually in print. Please ensure you are referring to the latest edition or to the online version at www.gettingthedealthrough.com. Every effort has been made to cover all matters of concern to readers. However, specific legal advice should always be sought from experienced local advisers. Getting the Deal Through gratefully acknowledges the efforts of all the contributors to this volume, who were chosen for their recognised expertise. We also extend special thanks to the contributing editor, A Neil Campbell of McMillan LLP, for his continued assistance with this volume. London November 2016 www.gettingthedealthrough.com 5 © Law Business Research 2016 McMillan LLP EDITOR’S FOREWORD Editor’s foreword A Neil Campbell McMillan LLP This 17th edition of Cartel Regulation provides the most current and Cartel Regulation 2017 provides a detailed account of the state of comprehensive information available about anti-cartel laws and play in this evolving area including the key developments over the enforcement around the world as we head into 2017. past year and the future changes that may be expected. In addition to Cartel enforcement continues to expand and become more effec- the comprehensive coverage provided for 38 jurisdictions, this essen- tive as competition laws and institutions are introduced or upgraded. tial reference includes a global overview prepared by Sidley Austin, a The International Competition Network and its Cartel Working Group review of the activities of the International Competition Network con- have provided a significant further impetus for active international car- tributed by Allen & Overy and an article on Brexit by Slaughter and tel enforcement in recent years. May and Hengeler Mueller. Anti-cartel laws are one of the core pillars of any competition The structure of the deskbook continues to be based on a template regime. In ‘product life cycle’ terms, cartel regulation is still in a growth that ensures consistent presentation and ready access to the relevant phase: there is significant domestic and cross-border activity in certain information about each subject in each jurisdiction. The template has jurisdictions, but considerably more complexity to come as more agen- been modified slightly for greater clarity and completeness. As in past cies become more active and sophisticated in addressing the effects of editions, the country profiles include the legislation and enforcement cartels on their domestic markets. institutions, the jurisdictional and substantive coverage of the regime, Two key areas of consensus have fuelled the international expan- and detailed explanations regarding the operation of immunity and sion of cartel regulation: leniency programmes as well as contested proceedings and penalties. • ‘Cartels are bad’ – there is now widespread acceptance that cer- In addition, the interface between public proceedings and private dam- tain types of competitor coordination are unlikely to have pro- age actions, including class actions, is addressed. competitive or efficiency-enhancing benefits and can therefore The chapters in Cartel Regulation are prepared by top experts in be prohibited without the need for a case-specific assessment of each jurisdiction. We are grateful for their efforts to provide thorough anticompetitive effects. country reports including practical advice on how enforcement really • ‘Leniency programmes work’ – by employing substantial ‘carrot works and tips for ‘getting the fine down’. I also want to thank our pub- and stick’ incentives and minimising uncertainty in the treatment lisher Dan White and his terrific Getting the Deal Through team at Law of cooperating parties, the US Department of Justice (DOJ) has Business Research for all the work they do to produce this excellent developed highly effective amnesty and leniency programmes. annual volume. The basic principles are being adopted around the world because If you have comments
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