ARTICLE · 28 JULY 2016

Australian Competition Regulator Cracks Down On Cartels

Clyde & Co

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Last week, the Australian Competition and Consumer Commission (ACCC) achieved two significant wins in its efforts to stamp out cartel behaviour in Australia.

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The first criminal cartel conviction was achieved against Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and, in a civil action, the ACCC succeeded in establishing that Italian corporation, Prysmian Cavi E Sistemi S.R.L. (Prysmian), engaged in cartel conduct, even though such conduct occurred outside Australia.

Australia's competition regulator cracks down on cartels

Last week, the Australian Competition and Consumer Commission (ACCC) achieved two significant wins in its efforts to stamp out cartel behaviour in Australia. The first criminal cartel conviction was achieved against NYK and, in a civil action, the ACCC succeeded in establishing that Italian corporation, Prysmian, engaged in cartel conduct, even though such conduct occurred outside Australia.

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