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Article: European Commission Publishes Consultation On Proposed Amendments To EU Leniency Notice Intended To Address U.S. Discovery Concerns.
- Article from:
- Mondaq Business Briefing
- Article date:
- March 13, 2006
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On February 23, 2006, the European Commission (the "Commission") published draft amendments to the 2002 Commission Notice on Immunity from fines and reduction of fines in cartel cases (the "Leniency Notice") for public consultation.1 Comments on the proposed amended Leniency Notice should be made to the Commission before March 20, 2006.
The proposed changes raise a number of questions, some of which are noted below, that suggest that the amended Leniency Notice may not accomplish its intended purpose.
The main proposed change formalizes the procedure (already applied in practice) for a cartel participant to make an oral "corporate statement" voluntarily ...