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Anti-competitive behaviour face high fines as well as, underCertain circumstances, the threat of criminal prosecution. I propose that we draw up a comprehensive set of Guidelines for preventing anti-competitive behaviour by your Firm. Initially, these guidelines could be presented to all Employees in informative workshop sessions, and later Reinforced through regular anti-competitive internal memos. The benefits for your company are clear: an increased Awareness of the risks of anti-competitive behaviour at all Levels of your enterprise would greatly lessen your risk of Exposure to antitrust lawsuits and actions. The implementation of this proposal could be carried out in a four-stage process: 1) assessment of anti-competitive Behaviour risks; 2) drawing up of guidelines; 3) holding Workshops for employees; and 4) follow-up reinforcement. Should you be interested in pursuing this course of Action, the Competition Department of our firm could Begin work immediately. If you would like to discuss this proposal and the details of Its implementation, please do not hesitate to contact me. I look forward to hearing from you. Yours sincerely Andrew Chase This is a journalistic text from a newspaper written for A non-specialist audience. 2 The companies involved are Sotheby's and Christie's, Two art auction houses in the service sector. They formed an illegal price-fixing cartel. 15 1 Christie's escaped a fine because it provided the Evidence that proved the operation of a cartel between The art houses. The illegal collusive agreement concerned an increase In the corn missions paid by sellers at auctions and it Also involved advances paid to sellers. 3 The president and chief executive of Sotheby's said he Was relieved that the fine was less than it could have Been and was pleased that the investigation was over. For 2 for 3 on C B 2a 3a One-stop shop is usually used to refer to a store where different kinds of products can be bought: one convenient Location where various needs can be met at once. Here, The term is used to indicate that many procedures that Formerly were carried out in several different places are Now taken care of centrally by the European Commission. Turnover threshold refers to the combined turnover of the Parties to a merger for purposes of EC merger control. If The combined turnover of the companies exceeds the Amount stated in the EC Merger Regulations, then the Merger is said to have a community dimension and the Merger is subject to the competence of the European Commission, as opposed to the Member States. The first purpose of a pre-notification request is to have The Commission take over the case from the national Authorities in cases when the combined turnover of the Parties to a merger falls below the existing thresholds, And where notification would otherwise have been Required in at least three Member States. The second Purpose is to have the case be examined by a national Competition authority rather than by the Commission When it can be shown that a distinct market exists in Date: 2015-12-11; view: 1038
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