International Journal For Multidisciplinary Research

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Role of Settlements and Commitments in Competition Law Enforcement

Author(s) Monika Pehlu
Country India
Abstract Settlements and commitments provisions play a crucial role in competition law enforcement, as they allow for the resolution of cases without the need for lengthy and costly litigation. The EU and USA antitrust laws incorporate settlement and commitment procedures, empowering antitrust authorities to enforce competition laws efficiently. These mechanisms expedite case resolutions, tailor remedies, and promote compliance, creating a competitive market landscape that favors consumers and businesses alike. However, Indian competition law previously lacked these provisions. The Competition Commission of India (CCI) encountered challenges in promptly addressing situations where businesses proposed voluntary conduct modifications to avert prolonged investigations and adverse publicity. To remedy this, the Competition (Amendment) Act, 2023 introduced provisions for settlement and commitment agreements. These provisions are now regulated by the CCI through the 'CCI (Commitment) Regulation, 2024' and 'CCI (Settlement) Regulation, 2024,' which were developed after seeking and evaluating stakeholder feedback and suggestions. This article initially presents the settlement and commitment provisions under US and EU antitrust laws and cases which are settle/committed by their provisions. It then examines the new settlement and commitment regulations in Indian competition law. This article also highlights the advantages and provides recommendations for settlement and commitment provisions in Indian competition law.
Keywords Competition Law, Regulation, Settlement, Commitment
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-06-01
Cite This Role of Settlements and Commitments in Competition Law Enforcement - Monika Pehlu - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.21649
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.21649
Short DOI https://doi.org/gtxrq6
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