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AI Summary of 8. Penalties and proceedings in relation to offences under section 6 and 7.
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8. Penalties and proceedings in relation to offences under section 6 and 7.
(1) An undertaking guilty of an offence under section 6 (being an offence involving an agreement, decision or concerted practice to which subsection (2) of that section applies) shall be liable -
(a) on summary conviction -
(i) in the case of an undertaking that is not an individual, to a class A fine, or
(ii) in the case of an individual, to such a fine or to imprisonment for a term not exceeding 6 months or to both such fine and such imprisonment,
(b) on conviction on indictment -
(i) in the case of an undertaking that is not an individual, to a fine not exceeding the greater of €50,000,000, or 20 per cent of the turnover of the undertaking in the financial year ending in the 12 months prior to the conviction, or