Recovery of Fines

Recovery of Fines

Recovery of fines/periodic penalty payments

Any decision imposing fines (for more background information, see Module on Prohibition Decisions) or periodic penalty payment (for more background information, see Module on Periodic Penalty Payment) already provides for the following in its operative part (which has to be submitted to DG Budget before adoption – see the relevant Modules referred above): – amount of the fine (or periodic penalty payment), – indication of the currency in which the fine should be paid (euros), – deadline for payment (3 months from the notification), – bank account to which it should be paid, – interest rate if payment is not made in due time.

More about Recovery of Fines

Immediately after the adoption of a decision imposing a fine or a periodic penalty payment, it is necessary to establish a recovery order by the authorizing officer (the Director of the operational Directorate in charge of the underlying case).

Resources

See Also

References

  • Information about Recovery of Fines in the Antitrust Manual of Procedures for the application of Articles 101 and 102 TFEU (Internal DG Competition)

Further Reading

  • Information about Recovery of Fines in EU Competition Procedure, 3rd. Edition, Edited by Luis Ortiz Blanco (Oxford University Press)

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