Relief for companies as competition agency reviews fines formula

DN Money

Firms found in breach of competition laws have been granted a window of mitigation. PHOTO | SHUTTERSTOCK

Firms found in breach of competition laws have been granted a window of mitigation as the Competition Authority of Kenya (CAK) moves to reduce the severity of fines.

The watchdog said administrative action against firms in breach of the Competition Act would be subject to remedial measures to accommodate special cases such as first-time offenders, inadvertent breaches as well as offenders who cooperate.

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