Arbitrariness in Imposition of Penalties by the Competition Commission of India: The Need for Penalty Guidelines

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Ananya Gaur, Jul 24, 2015

Penalties/fines are an important element of a competition jurisdiction’s toolkit, even when criminal sanctions are present. The purpose of imposing penalties is generally either deterrence or retribution. They may play a critical role in deterring anticompetitive conduct particularly in countries with limited personal liability for participating in a cartel, lack of prison terms for cartel organizers, a