Prakas No. 227 P.N.A.KBB.PR on Formalities and Procedures of Negotiated Settlement under the Law on Competition.

This Prakas sets out the formalities and procedures of negotiated settlement for offenses under the Law on Competition with the purpose of encouraging a quick and appropriate settlement procedure, ensuring flexibility with effective outcomes and can reduce the burden of expenses in an investigation.
This Prakas applies to the negotiated settlement on the offenses under the Law on Competition conducted between the Person under Investigation, Investigating Officer of the Consumer Protection Competition and Fraud Repression Directorate-General (CCF) and the Cambodia Competition Commission (CCC). The Investigating Officer of the CCF Directorate-General, has authority to: 1. Receive an application for a negotiated settlement 2. Review, monitor, make concluding statement and evaluate the application for a negotiated settlement 3. Study the request and make recommendation on the application for a negotiated settlement and conduct the negotiated settlement procedures. The CCC may decide to provide a deduction on the financial penalty to the Person under Investigation, who has cooperated and achieved settlement through the negotiated settlement.