Competition law fines eu

What is the fine for competition law in the EU?
EU competition law allows the European Commission to impose on a firm which violates competition law a fine of up to 10% of its global turnover._{Jan 23, 2023}.
What is the fine for competition?
Section 27 of the Competition Act lays down the penalties for contravention of Sections 3 and 4.
In addition to issuing cease-and-desist orders, the CCI may also impose a monetary penalty of up to 10 percent of an enterprise's turnover for the three financial years preceding the date of the penalty order..

What happens if you infringe EU competition rules?

The EU has strict rules protecting free competition.
Under these rules, certain practices are prohibited.
If you infringe the EU's competition rules, you could end up being fined as much as 10% of your annual worldwide turnover.
In some EU countries individual managers of offending firms may face serious penalties, including:

prison .

Where do EU competition rules apply?

EU competition rules apply directly in all EU countries - the courts in your country will uphold them.
These rules apply not only to businesses but to all organisations engaged in economic activity (such as:

trade associations

industry groupings

etc).
You can read about some examples of EU competition cases on the DG Competition's portal.

Why should the European Commission apply the rules on fines?

The application of the principles set out in the guidelines will also help to make the Commission’s policy on fines more coherent and to strengthen the deterrence of the financial penalties”, see XXVIIth Report on Competition Policy, European Commission, 1997, para 48.

Website created by Microsoft in March 2010

BrowserChoice.eu was a website created by Microsoft in March 2010 following a decision in the European Union Microsoft competition case.
The case involved legal proceedings by the European Union against Microsoft and found that, by including Internet Explorer with their market-dominant Windows operating system, Microsoft had used this dominance to create a similar market position in the web browser market.
The BrowserChoice.eu website was created to allow users that had not made, or were unaware of, a choice to try other browsers, and thus comply with the European Commission's ruling.

Competition law fines eu

What is the fine for competition law in the EU?

What is the fine for competition?

What happens if you infringe EU competition rules?

Where do EU competition rules apply?

Why should the European Commission apply the rules on fines?