IS "LENIENCY PROGRAMME" APPLICABLE IN ARMENIA?

PanARMENIAN.Net
31.08.2009 18:51 GMT+04:00

/PanARMENIAN.Net/ State Commission for Economic Competition Protection
conducts a poll on methods of competition regulation, published at
its official website, SCECP press service reported. The Commission
prepares legislative changes stipulating for "leniency programme"
implementation, offered by European experts. The programme stipulates
for extenuating responsibility in case the business entity, as a party
to anti-competition agreement, informs the Commission and provides the
facts pertaining to the agreement. Also, experts suggest increasing
the fine from 2% to 10% of last year’s income, the practice applied
in developed European states.

According to statistics, about 80% of anti-competition agreements
were discovered in states applying leniency program.