Competition regulators maintain vigilance on combating cartels and facilitating a healthy global business environment

By Russell Miller and Paul Schoff

Regulators around the world remain focused on the impact of cartels on business, and the Australian Competition and Consumer Commission (ACCC) is no exception. In 2013, the ACCC received 27 approaches in relation to cartels, resulting in 13 in-depth investigations. International co-operation in this area is increasing, due significantly to the work of the International Competition Network, the global organisation of competition regulators.

It is essential that companies remain vigilant about competition compliance. Some recent cases, both in Australia and overseas, illustrate the importance of combating cartels and the role of effective immunity policies in helping to sustain a competitive business environment.

In May, the ACCC successfully concluded non-criminal action against Japanese company NSK Australia Pty Ltd in relation to a cartel to fix the price of automotive and industrial bearings, where senior company executives based in Australia had met regularly, normally over dinner, to discuss pricing plans with executives of two other bearings companies. In announcing the decision, the ACCC made the point that the cartel had been brought to the ACCC’s attention as a result of the US Department of Justice’s investigation into auto-parts cartels…

Click on the link below to read the rest of the Minter Ellison briefing.

Sign in or Register to continue reading this article

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Briefings from Minter Ellison

View more briefings from Minter Ellison

Overview

Level 19, Aurora Place
88 Phillip Street
Sydney
2000
Australia
http://www.minterellison.com

Jurisdiction: Australia
No. of offices: 10
No. of qualified lawyers: 791