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Public sanctions for the agreements restricting the competition in the selected legal systems
Nováková, Tereza ; Boháček, Martin (advisor) ; Levý, Jan (referee)
The purpose of my thesis is to show the harmful effect of cartels and the need to sanction them. In particular, I am going to consider which public sanctions for the cartel participants are suitable for the Czech legal and economic environment with regard to the deterrence effect. My hypothesis is that criminal sanctions typical for the US antitrust law will not work in the Czech Republic and they should rather be replaced by another individual sanction -- disqualification of the directors who are responsible for the cartel. The combination of the corporate fines and disqualification of the directors as the individual sanction could successfully deal with the corporate governance issues resulting from the different interests of the shareholders on one hand and the managers on the other and as a result deter both sides of the relationship shareholder-manager from concluding the cartel agreement.

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