Linked by Thom Holwerda on Tue 27th Jun 2006 21:15 UTC, submitted by brewin
Legal The European Commission is ready to impose a fine of 2m Euros ($2.5m; £1.4m) a day on Microsoft. The Commission is expected to rule that Microsoft has failed to fully implement its 2004 antitrust decision. Under the ruling, Microsoft had to supply rivals with information about its Windows operating system.
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You are a coward , liar and theif !
by Moulinneuf on Wed 28th Jun 2006 05:24 UTC in reply to "Hmmm... can you say bully?"
Moulinneuf
Member since:
2005-07-06

I Dont know why everytime Etats-Unians ( Dont bring America and Americans in your shit ) company break the rules , get condemned , they play the Amerrican card angle and cry fool. The same rule apply to everyone:

http://www.ft.com/cms/s/418c5ca4-05f4-11db-9dde-0000779e2340.html

A huge increase in fines for companies that operate cartels or break European Union competition law will be announced on Wednesday by the European Commission.

Brussels has already imposed some of the toughest fines in recent history, including a record €497m ($626m, £350m) penalty against Microsoft in 2004 and one of €462m against Roche in 2001. Over the past few months the Brussels regulator has again ratcheted up the fines, especially in cartel cases.

Officials believe that only higher fines will deter companies from operating price-fixing cartels or abusing dominant market positions.

They are particularly keen to increase the fines for repeat offenders and large groups with significant financial fire-power.

The new guidelines, which have been seen by the Financial Times, reflect the Commission’s belief that the rules are too rigid and lack transparency – a view shared by many competition lawyers and most companies targeted by the Brussels trust-busters.

The new regime will apply to all companies found guilty of participating in a cartel or that abuse their dominant market position. It will almost certainly mean that more companies will be fined the maximum amount allowed under EU law, which is 10 per cent of global annual turnover. Up to now, only a handful of companies have been punished that severely.

The new regime will be especially tough on repeat offenders. At present, fines are usually raised by 50 per cent for companies that have previous convictions for antitrust abuses. Now the Commission can double the punishment in cases where there is one earlier ruling against the group, and may go even higher for “multi-recidivists”.

Companies will in future be treated as repeat offenders by the Commission if they have previously been convicted by national competition authorities.

Fines will be calculated by fixing a basic amount – up to 30 per cent of a company’s sales of the relevant product in the market where the abuse has taken place – and then multiplying it by the number of years during which the abuse continued. To this may be added an “entrance fee”, equivalent to 15-25 per cent of the company’s yearly sales of the product in question.

“The mere fact that a company enters into a cartel will cost it at least 15-25 per cent of its yearly turnover,” the Commission paper says.

Stephen Kinsella, a Brussels-based partner at law firm Sidley Austin, said changes to the current fining practices would be welcome, especially if they introduced greater predictability and transparency. “At present it is almost impossible to foresee whether a company will be fined €25m or €100m. Greater clarity would also help the Commission, because it would be harder for companies to challenge the fines in court.”

The Commission declined to comment. However, Neelie Kroes, the competition commissioner, has made clear in her most recent rulings against cartels that she is keen to intensify the crackdown on abusive companies.

She said earlier this month that she was “shocked” that chemicals groups such as ICI had broken cartel rules repeatedly.

Reply Parent Score: 5

siki_miki Member since:
2006-01-17

This is excellent. First to target should be mobile operators in multiple EU countries for obvious price fixing and even worse fixing of roaming call prices.

Maybe phone prices will drop to a normal level if that happens.

Reply Parent Score: 2