Undertakings violating competition law may face severe fines. In addition to undertakings the fines are applicable to employees or managers who have decisive influence on the violation. The most effective way to avoid risks arising out of violation of competition rules is to subject the undertakings to an efficient "Competition Law Compliance Program".
It is important that sectoral regulations are considered while designing the compliance programs as “Competition Law Compliance Programs” alone may prove to be insufficient where the market is regulated by sectoral regulation such as energy. ENRE approaches compliance with competition law and sectoral regulation in an integrated manner in its “Competition Law Compliance Programs” especially in markets such as energy.
ENRE implements client specific “Competition Law Compliance Programs” by taking into account the nature of the relevant market, relevant legislation and characteristics of the client to meet the client’s basic requirements such as
- Ensuring the alignment of the commercial agreements and practices of the client with competition law and sectoral regulation,
- Training of managers and employees,
- Development of corporate competition culture
- Creation of internal mechanisms to comply with competition law and sectoral regulation