Competition Law

EU Monitoring Report 34: What companies can do better to respect EU competition rules

Competition law is a very important legal aspect for EPTDA members taking into account that cartels are usually born at different levels of the supply chain, out of distribution agreements between suppliers and re-sellers. For this reason, EPTDA members need to be aware of the dangers of not complying with EU law and of how to have a pro-active approach and create a supportive strategy of compliance with the law.

An active and supportive strategy of compli­ance with the law and business ethics can certainly enhance a company’s reputation and attractiveness for promotional and recruitment purposes, in much the same way as an explicit environmental or family-friendly agenda would do. An effective strategy enables a company to minimize the risk of involvement in competition law infringements, and the costs resulting from anti-competitive behaviour.

The fines which the European Commission imposes on companies that infringe EU competition rules can be very substantial, even as high as 10 % of a company’s annual worldwide turnover. It should be noted that fines may be imposed even where the illegal purpose of an infringement was not actually achieved.

If you are an EPTDA member, you can read the full report in Members Area HERE.

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The EPTDA is fully dedicated to the fight against counterfeits in the PT/MC industry

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