Shweta Shroff Chopra, Partner, Shardul Amarchand Mangaldas And Co. Comments On Draft Competition Commission Of India (Lesser Penalty) Regulations, 2023
The Competition Amendment Act introduced numerous far-reaching changes to competition law in India. One such change is the introduction of the leniency plus regime, which allows an existing leniency applicant to disclose the existence of another cartel and benefit from this disclosure in both cases. Similar benefits are extended in most mature competition law jurisdictions to enable the detection of secret cartels. Though these provisions are yet to be implemented in India, these draft regulations provide much needed clarity on how the CCI is looking to implement this important change. We look forward to seeing how the new regime will develop.
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