The Good and Evil of Leniency and Settlement Procedures in Formative Competition Law Regimes
International Antitrust Bulletin, Vol. 2, July 2015
2 Pages Posted: 24 Apr 2018 Last revised: 19 Apr 2021
Date Written: July 1, 2015
Both settlement practice and leniency programs have great benefits for competition law regimes. Leniency programs have resulted in untold benefits in terms of breaking down the stability of the cartels. According to OECD, leniency programs are essential for breaking the code of silence surrounding hardcore cartel activity. Settlements, in turn, promise important benefits for preserving the resources of antitrust enforcement authorities. Despite significant benefits, settlement and leniency procedures may also result in certain drawbacks for formative competition law regimes. In this article, we seek to lay out these concerns at a theoretical level and then take a look at the situation in Turkey as an example for both mechanisms.
Keywords: leniency, settlement procedures, competition law, leniency programs, antitrust
JEL Classification: K21, L40, L49
Suggested Citation: Suggested Citation