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Is "Leniency Programme" Applicable In Armenia?

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  • Is "Leniency Programme" Applicable In Armenia?

    IS "LENIENCY PROGRAMME" APPLICABLE IN ARMENIA?

    PanARMENIAN.Net
    31.08.2009 18:51 GMT+04:00

    /PanARMENIAN.Net/ State Commission for Economic Competition Protection
    conducts a poll on methods of competition regulation, published at
    its official website, SCECP press service reported. The Commission
    prepares legislative changes stipulating for "leniency programme"
    implementation, offered by European experts. The programme stipulates
    for extenuating responsibility in case the business entity, as a party
    to anti-competition agreement, informs the Commission and provides the
    facts pertaining to the agreement. Also, experts suggest increasing
    the fine from 2% to 10% of last year's income, the practice applied
    in developed European states.

    According to statistics, about 80% of anti-competition agreements
    were discovered in states applying leniency program.
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