2012 year-end criminal antitrust & competition law update
The past year marked record-level global criminal competition law enforcement. The level of fines imposed continued its upward trajectory, with authorities in the US, Europe, China, and India imposing record sanctions. The U.S. Department of Justice obtained more than $1.35 billion from criminal antitrust offenders during FY 2012, its highest annual total to date. That includes an estimated $1.13 billion in criminal fines and nearly $220 million in restitution, penalties, and disgorgement paid to state and federal agencies. The $1.13 billion in criminal fines exceeds the previous high of $1 billion from FY 2009 and reflects continued success by the Department of Justice, Antitrust Division in targeting hard-core international and domestic cartels.
Click on the link above to download this Gibson Dunn & Crutcher briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Gibson Dunn & Crutcher
On 23 October 2012, the United Arab Emirates enacted its Federal Competition Law (Federal Law No. (4) of 2012), which laid down new rules on anti-competitive agreements, merger control and abuse of dominance.
In retrospect, 2012 likely will be remembered as another year of manifold challenges in the Eurozone and of slow consolidation rather than one of fundamental reform or renaissance.
Analysis from The Lawyer
Recent unwanted attention on Gibson Dunn & Crutcher in light of the Djibouti falsified evidence case will do nothing for the firm’s hard-won reputation in the world of anti-corruption and combating fraud.