Setting of Fines for Cartels in ICN Jurisdictions - International ...

NETHERLANDS
NEW ZEALAND
NORWAY
RUSSIA
SERBIA
SWITZERLAND
MINIMUM MAXIMUM
no Administrative sanctions:
€450 000
or if it is greater:
10% of turnover of the
undertaking or combined
turnover of the undertakings
in the financial year preceding
the decision;
€450 000 for giving
instructions or exercising de
facto leadership
no Administrative sanctions:
For individuals: NZ$500 000
For undertakings: greater
of $10 000 000 or either
3 times the value of the
commercial gain or 10% of the
total gross revenues received
or receivable as a result of a
trading within NZ
NZ $ 100 000
no Administrative sanctions:
10% of the worldwide turnover
of the last fiscal year
For undertakings: 1/10th of
the violator’s gains / the
sales of its goods
For individuals 17 000 rub.
(approx. €480)
1% of the total annual income
realized in the preceding year
no
7. LIMITS (MAXIMA AND MINIMA) 37
HIGHEST FINE EVER
IMPOSED ON A SINGLE
COMPANY
€14,8 millions against T-Mobile
(under legal review);
€3,5 million in the SEP case
(irreversible)
Administrative sanctions: No fines imposed yet
For undertakings: 1/15th of
the violator’s proceeds of
the sales of goods (works or
services) in the market where
the infringement occurred
For individuals: 20 000 rub.
(approx. €565) or 1/25 the
size of all the proceeds of
the sales of goods for the
calendar year preceding the
year when the violation was
revealed or for the part of the
calendar year preceding the
date of revealing the violation,
if a violator did not carry
out any activity on the sales
of goods in the preceding
calendar year
Administrative sanctions: No fines imposed yet
10% of the total annual
income realized in the
preceding year
10% of the turnover achieved
by the enterprise in the last
three business years in
Switzerland
Pure administrative sanctions:
€60 718.
ICN — SETTING OF FINES FOR CARTELS IN ICN JURISDICTIONS