Sullivan & Cromwell’s Juan Rodriguez and Axel Beckmerhagen set out the considerations for companies opting to hold their hands up to competition breaches
In April of this year, the European Commission (EC) fined Procter & Gamble, Unilever and Henkel a total of €315.2m (£275m) for fixing the prices of laundry detergents in Europe. Procter & Gamble was fined €211.2m (£184m) and Unilever received a fine of €104m (£91m), while Henkel escaped penalty because it acted as the whistle-blower on the cartel.
