Book contents
- The Cambridge Handbook of Competition Law Sanctions
- The Cambridge Handbook of Competition Law Sanctions
- Copyright page
- Contents
- Authors’ Affiliations
- Acknowledgment
- Part I General Chapters
- 1 The Quest to Create an Effective Set of Competition Law Sanctions
- 2 The Role of Fines in the Toolkit of Competition Agencies
- 3 Sanctions on Legal Persons
- 4 The Effectiveness of European Antitrust Fines
- 5 Corporate Governance and Competition Law Sanctions
- 6 Antitrust Criminalization As a Legitimate Deterrent
- 7 Criminalization of Anticompetitive Conducts
- 8 “Consensus”-Based Sanctions and Commitments
- 9 Effectiveness of Commitment Decisions
- 10 Compliance Policies and Sanctions
- 11 The Role of Administrative Courts in the Effective Enforcement of Competition Law Sanctions
- 12 Civil Sanctions in Antitrust Public Enforcement
- 13 What Role for Private Enforcement in EU Competition Law?
- 14 The Insights of Labor Law
- 15 Human Rights Jurisprudence and the Effectiveness of Competition Law Sanction
- 16 Catholic Teaching on Just Punishment, Especially in Connection with Financial Matters: According to the 1983 Code of Canon Law
- Part II Country Reports
2 - The Role of Fines in the Toolkit of Competition Agencies
from Part I - General Chapters
Published online by Cambridge University Press: 29 July 2022
- The Cambridge Handbook of Competition Law Sanctions
- The Cambridge Handbook of Competition Law Sanctions
- Copyright page
- Contents
- Authors’ Affiliations
- Acknowledgment
- Part I General Chapters
- 1 The Quest to Create an Effective Set of Competition Law Sanctions
- 2 The Role of Fines in the Toolkit of Competition Agencies
- 3 Sanctions on Legal Persons
- 4 The Effectiveness of European Antitrust Fines
- 5 Corporate Governance and Competition Law Sanctions
- 6 Antitrust Criminalization As a Legitimate Deterrent
- 7 Criminalization of Anticompetitive Conducts
- 8 “Consensus”-Based Sanctions and Commitments
- 9 Effectiveness of Commitment Decisions
- 10 Compliance Policies and Sanctions
- 11 The Role of Administrative Courts in the Effective Enforcement of Competition Law Sanctions
- 12 Civil Sanctions in Antitrust Public Enforcement
- 13 What Role for Private Enforcement in EU Competition Law?
- 14 The Insights of Labor Law
- 15 Human Rights Jurisprudence and the Effectiveness of Competition Law Sanction
- 16 Catholic Teaching on Just Punishment, Especially in Connection with Financial Matters: According to the 1983 Code of Canon Law
- Part II Country Reports
Summary
The chapter argues that the prevention of competition harms should be placed at the core of the functioning of competition authorities, including competition advocacy work. The legislative proposals of competition authorities can also be seen as a preventive tool. Fines are not a stand-alone tool in the toolbox of competition authorities when it comes to the prevention of harms. Rather, they are one of several tools that can be used by authorities to prevent harm and create public value. In order for competition authorities to carry out their protective role effectively and shield the public from harm, they must make full and consistent use of the preventive tools at their disposal. This necessarily requires the use of not only fines, but also regulatory initiatives and, where appropriate, the consistent application of divestitures.
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- Information
- The Cambridge Handbook of Competition Law Sanctions , pp. 24 - 36Publisher: Cambridge University PressPrint publication year: 2022