Overview

In this exclusive article, Sullivan & Cromwell's Juan Rodriguez and Axel Beckmerhagen set out the considerations for companies opting to hold their hands up to competition breaches. In doing so, the pair outline why companies engaging with their competitors must at all times be vigilant of anti-competitive behaviour and should monitor and evaluate cross-industry initiatives.

To illustrate these points, the briefing focuses on why the European Commission fined Procter & Gamble, Unilever and Henkel a total of €315.2m (£275m) for fixing the prices of laundry detergents in Europe. Procter & Gamble was fined €211.2m (£184m) and Unilever received a fine of €104m (£91m), while Henkel escaped penalty because it acted as the whistleblower on the cartel.

For the full article, click 'View Briefing'.