Professor Wouter held recently a wonderful lunchtime lecture at the Competition Law Research Centre. Now a paper was published on “The Use of Settlements in Public Antitrust Enforcement: Objectives and Principles” (World Competition: Law and Economics Review, Vol. 31, No. 3, 2008 Available at SSRN: http://ssrn.com/abstract=1135627)
This paper discusses two general questions concerning the use of settlements in public antitrust enforcement, namely under which conditions the use of settlements contributes to optimal antitrust enforcement, and under which conditions self-incrimination and waivers of procedural rights by settlement candidates are compatible with fundamental rights of defence. The discussion of these general questions will be illustrated with the specific example of the two settlement procedures for the enforcement by the European Commission of the antitrust prohibitions contained in Articles 81 and 82 EC, namely the commitment procedure under Article 9 of Regulation 1/2003, and the proposed new settlement procedure in cartel cases.