Antitrust, competition
and trade
Online competition compliance programme
The competition compliance risk
Compliance with competition laws should now be part of every business's risk management strategy. The risks of failing to comply are substantial and increasing. The legal and other risks include:
- fines of up to 10 per cent of turnover;
- reputational damage;
- public and private lawsuits;
- criminal sanctions (including imprisonment);
- disqualification of directors; and
- a significant drain on management and financial resources in handling a competition law infringement case.
Managing the competition compliance risk
Companies are looking for a cost effective way to manage the competition compliance risk. In particular, businesses with widespread geographic operations, often with large and rapidly changing employee bases, need an effective tool to ensure that their employees are aware of what agreements or practices are competition law compliant.
To meet this need, Freshfields Bruckhaus Deringer and Interactive Dialogues have developed altis, an easy to use, online competition compliance training programme. Not only does altis aim to effectively manage the risk of breaching competition laws, but also, should a breach occur, it might be treated as a mitigating factor by the regulator when calculating the level of financial penalty to impose.
The programme
altis has been developed for business people from a wide variety of backgrounds. It can be adapted to the individual needs of particular businesses. No prior knowledge of the law is necessary to use the programme.
Accessible through the internet or intranet, altis is specifically designed to complement the role of in-house and external legal advisers in providing employees with guidance as to whether agreements or practices may be competition law compliant, and on how to react in certain circumstances.
In particular the programme:
- replaces the traditional competition compliance manual;
- promotes compliance across a geographically diverse business;
- facilitates compliance among a changing workforce;
- can replace or complement seminars on compliance issues;
- is easy to use;
- is regularly updated and always accessible; and
- helps competition compliance officers monitor the understanding of competition law within their business and identify areas of legal risk.
For a five minute demonstration, please click the link below:
We would be delighted to provide further information and a demonstration of altis.
Important information for clients in the US
This is legal information only, according to the laws of the District of Columbia and New York. This product does not establish an attorney/client relationship. An attorney/client relationship is not formed until both Freshfields Bruckhaus Deringer and the prospective client execute an engagement letter. Consult an attorney for specific compliance advice. Solicitation for this product is intended to comply with the Lawyer Regulation Rules in the District of Columbia and New York.
