Minister Publishes Plans To Double The Maximum Prison Sentence For Cartel Activity From Five To 10 Years
The Minster for Jobs Enterprise and Innovation, Richard Bruton TD, has announced details of his plans to strengthen the enforcement of competition law by introducing new measures to deter and punish anti-competitive behaviour, particularly cartel activity. The main highlight of the Competition (Amendment) Bill 2011 is the doubling of the maximum prison sentence for conviction of an offence relating to cartel activity.
Other measures included in the Bill designed to strengthen the enforcement
An increase in the criminal fines that can be imposed on companies and individuals convicted of competition law offences Possibility for the court to order those convicted of competition offences to pay costs arising out of the investigation and court proceedings Disqualification of a person convicted of non-indictable competition offences from being a company director New...
To continue readingREQUEST YOUR TRIAL