Academic journal article Manager

Web Based Course Helps Managers Face EU Competition Law Minefield

Academic journal article Manager

Web Based Course Helps Managers Face EU Competition Law Minefield

Article excerpt

The managements of many organisations operating in Europe fail to adequately assess the risk of breaching EU Competition Law. So says lawyer Frank Fine, who recently joined forces with SAI Global, one of the world's leading business publishing, compliance, training and assurance organisations with operations in North America, Europe and Asia Pacific.

In the first quarter of 2007 alone, fines totalling two billion Euros were imposed, with companies in the brewing, IT and aviation industries falling victim.

Mr Fine is currently vice-chair of the Intellectual Property Committee of the ABA Antitrust section and the Director of EC Competition Law Advocates in Brussels, providing counsel on EU antitrust compliance for multinational companies. He has specialised in EU Competition Law since 1986.

Now Mr Fine and SAI Global have developed a training programme to inform managers about important general issues surrounding EU Competition Law.

Explained Mr Fine, "This is a burgeoning issue for business and is what prompted me to work with SAI Global, a leading international provider of risk, compliance ,snd ethics solutions.

"Legislation surrounding EU Competition Law is a potential minefield and the risk of contravention - both intentional and inadvertent - is very real and exposes businesses to the risk of significant fines, damages and legal costs, as well as loss of reputation.

"Organisations need to ensure employees understand the seriousness with which fair competition is regarded in the EU, the potentially severe consequences of violation and how their behaviour can mitigate the risk of contravention. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed


An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.