CCI Releases Draft Settlement and Commitment Regulations for Public Consultation

CCI Releases Draft Settlement and Commitment Regulations for Public Consultation

The Competition Commission of India (CCI) has released draft settlement and commitment regulations for public consultation. These regulations aim to provide a framework for resolving competition law concerns efficiently and without the need for a lengthy legal process. Both commitment and settlement processes offer alternatives to traditional investigations and hearings, providing a faster and more streamlined approach to resolving competition law cases. The draft regulations outline the procedures and requirements for parties seeking to make commitments or settlements. They also include provisions for confidentiality and the rights of interested parties to provide feedback. The CCI’s move towards settlement and commitment processes aligns with international best practices and aims to enhance the effectiveness and efficiency of competition law enforcement in India. It is expected that these regulations will provide additional options for businesses to address competition law concerns in a more timely and cost-effective manner. The draft regulations are now open for public consultation, allowing stakeholders to provide feedback before they are finalized and implemented.

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