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ARTICLE · 13 NOVEMBER 2017

Asia Pacific Competition Law Quarterly

Baker McKenzie
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Welcome to the latest issue of our Asia Pacific Quarterly on competition law. The report provides a regular and concise overview of significant competition law developments that may affect your business operations in the region.

GlobalAntitrust/Competition Law
Stephen Crosswell
Stephen Crosswell

Welcome to the latest issue of our Asia Pacific Quarterly on competition law. The report provides a regular and concise overview of significant competition law developments that may affect your business operations in the region.

Australia: First criminal cartel conviction; important judgment on what constitutes illegal collusion

By: Rowan Kendall

While criminal cartel provisions have existed in Australia's Competition and Consumer Act (CCA) for a number of years, August saw the first criminal conviction for a cartel offence. The conviction was against Nippon Yusen Kabushiki Kaisha (NYK), a Japanese shipping company that pleaded guilty to price collusion in shipping vehicles to Australia. The AUD 25 million fine (approximately USD 19.6 million) was the second highest ever issued under Australian competition law, in spite of incorporating a 50 percent discount for an early guilty plea, reflecting NYK's cooperation with the investigation.

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