The Cartels & Leniency Review 2015

Financial_Services_7.jpg
23 February 2015
By Mark McCowan (Partner)

Corrs Chambers Westgarth has contributed to the annual edition of “The Cartels and Leniency Review” (Law Business Research Ltd, 2015), which covers established law and policy in 26 jurisdictions around the world and also discusses emerging and unsettled issues.

The chapter on Australia’s cartel regime is authored by Corrs Chambers Westgarth partners Ayman Guirguis and Mark McCowan and covers prohibited cartel conduct in Australia, enforcement and penalties, leniency programs, jurisdictional limitations and areas of uncertainty.

Cartels are a surprisingly persistent feature of economic life. The temptation to rig the game in one’s favour is constant, particularly when demand conditions are weak and the product in question is an undifferentiated commodity. Corporate compliance programmes are useful but inherently limited, as managers may come to see their personal interests as divergent from those of the corporation. Detection of cartel arrangements can present a substantial challenge for both internal legal departments and law enforcement.

This publication offers a resource for practitioners to address an issue of growing importance to large corporations, their managers and their lawyers: the potential liability, both civil and criminal, that may arise from unlawful agreements with competitors as to price, markets or output.


Please click 'Download' to view the chapter.




The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication.


Contacts

Mark McCowan

Partner. Melbourne
+61 3 9672 3335

Profile