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Guess decision prompts European Commission to issue informal guidance on cooperation in non-cartel antitrust investigations
On 17 December 2018 the European Commission announced its decision to fine Guess circa € 40 million for anti-competitive agreements. This figure represents a 50 per cent reduction in the fine, to reflect Guess’s cooperation with the investigation. A fact sheet issued alongside the Commission press release provides informal guidance for parties who choose to cooperate in Commission antitrust investigations.
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Competition & Regulatory Newsletter (19 Dec 2018 – 8 Jan 2019)