Monday, 15 January 2018 14:03

Fines and penalties for anticompetitive practices set to increase - Lupicinio International Law Firm

The fines and penalties imposed on companies, their management and their directors for anticompetitive practices are expected to increase so it is vital that companies ensure they are not breaching competition laws, says Ángel Valdés, partner at Lupicinio International Law Firm in Barcelona.

“Compliance [with competition law] is a philosophy to be followed and it is very important for companies operating in Spain to get the correct advice on competition matters,” Valdés explains. “Spanish companies are introducing policies and proceedings to ensure both the legal entity and employees comply with the last amendment of the Criminal Code in relation to legal entities, but it is also convenient if they apply similar high compliance standards in order to avoid anticompetitive practices by the employees or the legal entity,” says Valdés.
He continues: “Last year was also the first time that the Spanish competition authority imposed penalties, not only on companies but also on the managers and members of the board of directors.” Valdés adds: “It has also been intimated that these penalties are to be increased, so this is definitely a worrying matter for companies.” As a result, competition lawyers are increasingly reviewing clients’ operations in order to engage all the relevant departments with a view to taking action. “It is not just about reviewing compliance from a legal perspective – understanding the relation of all the departments to compliance and offering the right advice and training is very important too,” Valdés says.
“It’s a procedure that involves visiting the company’s legal department to find out the main point of risk,” he explains. “Then, having established the scope of the analysis, we look at computers and documentation, before preparing a list of the relevant people to be interviewed.”

Read 2533 times Last modified on Monday, 15 January 2018 14:05

This website uses cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the IberianLawyer website. However, you can change your cookie settings at any time. Learn more

I agree

What do I need to know about cookies?

A cookie is a small text file that’s stored on your computer or mobile device when you visit a website. We use them to:

  • Remember your preferences
  • Tailor our sites to your interests.

There are different types of cookies

First party cookies

These are set by the website you’re visiting. And only that website can read them.  In addition, a website might use a separate company to analyse how people are using their site. And this separate company will set their own cookie to do this.

Third party cookies

These are set by someone other than the owner of the website you’re visiting. 

Some IberianLawyer web pages may also contain content from other sites like Vimeo or Flickr, which may set their own cookies. Also, if you Share a link to a IberianLawyer page, the service you share it on (e.g. Facebook) may set a cookie on your browser.

The IberianLawyer has no control over third party cookies.

Advertising cookies

Some websites use advertising networks to show you specially targeted adverts when you visit. These networks may also be able to track your browsing across different sites.

IberianLawyer site do use advertising cookies but they won’t track your browsing outside the IberianLawyer.

Session cookies

These are stored while you’re browsing. They get deleted from your device when you close your browser e.g. Internet Explorer or Safari.

Persistent cookies

These are saved on your computer. So they don’t get deleted when you close your browser.

We use persistent cookies when we need to know who you are for more than one browsing session. For example, we use them to remember your preferences for the next time you visit.

Other tracking technologies

Some sites use things like web beacons, clear GIFs, page tags and web bugs to understand how people are using them and target advertising at people.

They usually take the form of a small, transparent image, which is embedded in a web page or email. They work with cookies and capture data like your IP address, when you viewed the page or email, what device you were using and where you were.

How does the Iberian Lawyer use cookies?

We use different types of cookies for different things, such as:

  • Analysing how you use the IberianLawyer
  • Giving you a better, more personalised experience
  • Recognising when you’ve signed in

Strictly Necessary cookies

These cookies let you use all the different parts of Iberian Lawyer. Without them services that you have asked for cannot be provided.

Some examples of how we use these cookies are:

  • Signing into the IberianLawyer
  • Remembering previous actions such as text entered into a registration form when navigating back to a page in the same session
  • Remembering security settings which restrict access to certain content.

Performance cookies

These help us understand how people are using the IberianLawyer online, so we can make it better. And they let us try out different ideas.
We sometimes get other companies to analyse how people are using the IberianLawyer online. These companies may set their own performance cookies You can opt out of these cookies here.Some examples of how we use these cookies are:

  • To collect information about which web pages visitors go to most often so we can improve the online experience
  • Error management to make sure that the website is working properly
  • Testing designs to help improve the look and feel of the website.
Cookie nameWhat it's for
Google DoubleClick The IberianLawyer uses Google DoubleClick to measure the effectiveness of its online marketing campaigns.Opt-out of DoubleClick cookies
Google Analytics From time to time some IberianLawyer online services, including mobile apps, use Google Analytics. This is a web analytics service provided by Google, Inc. Google Analytics sets a cookie in order to evaluate use of those services and compile a report for us.Opt-out of Google Analytics cookies