Abstract
Following its introduction in 2008, the settlement procedure has become a well-oiled instrument with already 14 decisions adopted by the Commission. The pace has accelerated over the period 2013–2014, with more than half of all decisions adopted and almost EUR 3 billion collected in fines. The procedure has proven to achieve procedural efficiencies, generally reducing the duration of the procedure by 2 years. Five cases have so far been pursued as ‘hybrid’ cases and one case is currently being challenged before the European Courts.
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