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Deterrent effect of French antitrust fines set to rise; watchdog issues updated penalties method

( July 30, 2021, 09:11 GMT | Official Statement) -- MLex Summary: France's competition agency today said it intends to severely punish the most serious competition breaches, issuing an update to its 2011 guidelines on antitrust fines. The new communication follows the implementation of the ECN+ directive into national law, which gives national competition authorities more powers to enforce EU antitrust rules. The new version — which includes changes to the watchdog's method for determining fines — will promote a uniform application of sanctions between the French authority and the European Commission, the office said.Statement follows. The new guidelines are attached (in French). ...

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