Global cartel enforcement — 2013 year in review

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Prioritisation and globalisation drive higher fine totals from fewer investigations.

Although the record-breaking fines of 2012 proved to be a tough act to follow, the era of aggressive antitrust enforcement continued in 2013. While fewer new investigations emerged this past year, authorities nonetheless imposed record-level penalties. It was a year defined primarily by the substantial regulatory settlements imposed against the global LIBOR and auto parts cartels.

With more to come in the LIBOR and auto parts investigations, we expect substantial fine figures to be the norm again in 2014. We also expect the financial services sector to continue to command the spotlight in the coming year. New investigations into the financial services sector emerged in 2013 that will further unfold in 2014, with top US and EU officials warning that these latest investigations may be the most significant yet…

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