Differentiation of Offences for Anticompetitive Agreements
On April 17, 2017 the President of the Russian Federation signed a draft law setting a differentiation of penalties for conclusion of anticompetitive agreements. The draft law will come into force on April 28, 2017.
The draft law provides different administrative fines for conclusion of different types of anticompetitive agreements depending on degree of social danger: as the social danger of the anticompetitive agreement decreases, the administrative penalty will be reduced.
As a general rule, legal entities concluded anticompetitive agreements may face the following administrative fines based on the sum of the offender's proceeds from the sale of the product (work or service) in the market on which the administrative offence has been committed (i.e. “turnover-based fine”):
ALRUD lawyers have extensive experience in provision of comprehensive support to clients in all areas of law, including in support of cases related to conclusion of anticompetitive agreements.
ALRUD lawyers are ready to provide the necessary legal assistance on all issues related to the described innovation.
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Kind regards, ALRUD Law Firm
Note: Please be aware that all information provided in this letter was taken from open sources. The author of this letter bears no liability for consequences of any decisions made in reliance upon this information.
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