The OECD has published a new report on global competition law compliance entitled Promoting Compliance with Competition Law. The OECD’s new report, which is the result of a roundtable in 2011 on competition law compliance, includes submissions from more than twenty competition/antitrust enforcement authorities including Canada, as well as Australia, the EU, France, Germany, Japan, Korea, Mexico, New Zealand, South Africa, the UK and United States. Introduction:
“Over the past 20 years, courts and competition authorities have imposed fines and, in some jurisdictions, imprisonment with sharply increasing severity, yet there does not seem to be solid evidence that anti-competitive conduct – particularly cartel conduct – is declining in response. Then again, it is impossible to observe the number of undetected cartels, so it is possible that deterrence has increased. The delegates identified and assessed numerous factors that influence compliance, such as competition advocacy, financial penalties, imprisonment, leniency programs and the establishment of a culture of competition. There was general agreement that authentic corporate competition compliance programs can be helpful, but substantial variation among the delegates on whether and how such programs should be rewarded.”
For a copy of the OECD’s new report see: Promoting Compliance with Competition Law
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