ARTICLE
7 August 2018

ACCC On A Criminal Cartel Warpath: ANZ, Deutsche Bank, Citigroup And Individuals Charged

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Jones Day

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Jones Day is a global law firm with more than 2,500 lawyers across five continents. The Firm is distinguished by a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.
Companies of all sizes and their executives need to ensure that their conduct does not fall foul of the cartel prohibitions.
Australia Antitrust/Competition Law

Although Australia's Competition and Consumer Act 2010 (Cth) has contained criminal cartel prohibitions since 2009, the Australian Competition and Consumer Commission has now made criminal cartel enforcement one of its top priorities. The ACCC laid its first criminal cartel charges in 2017, and since that time, it has laid charges against big business, small business and individuals.

Companies of all sizes and their executives need to ensure that their conduct does not fall foul of the cartel prohibitions.

This Jones Day White Paper reviews the ACCC's recent prosecution efforts, the increasingly high penalties for those who breach cartel laws, and the defences available to companies and executives seeking leniency for cartel conduct.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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