Companies should be aware that they can be sanctioned for any prohibited anti-competitive activity carried out by their employees and that the fines can be up to 10% of their sales figures of the previous year. This was the strong message that Amadeo Petitbò, former spokesman and former president of the Court for the Defence of Competition, wanted to convey during his speech at the latest edition of the Degussa Meetings, held this week at the headquarters of this company in Madrid under the title 'Beware! The CNMV can sanction me'.
Professor Petitbò explained in a very didactic way and using real cases a series of prohibited conducts of which many times "neither managers nor employees are aware". He pointed out that "we have to be very careful because non-compliance with competition legislation, which is supervised by the National Markets and Competition Commission, can be costly and have a high reputational cost".