Volume 19 - Issue 5

Fines versus turnover: An EU Cartel Analysis update

Tom Webb and Ron Knox

16 June 2016

Over the past 10 years, the European Commission’s competition watchdog has fined smaller companies more than multinational conglomerates, measured by a percentage of turnover, for cartel crimes. But observers say the commission has little choice, and in fact safeguards may allow smaller companies to escape even stiffer punishments. Ron Knox explains GCR’s data and analysis