In the United States, criminal antitrust enforcement and fines have risen exponentially during the last few years. Overseas, foreign jurisdictions are increasingly adopting the philosophy and framework of American anti-cartel enforcement. Last month, the British government introduced legislation that would criminalize certain cartel-related conduct. In February, the European Commission announced a new leniency program aimed at bolstering its anti-cartel efforts. And Israel recently imposed jail sentences for an antitrust crime.
Around the world, anti-cartel enforcement is getting tougher. Enforcers are cooperating globally, safe harbors for hard-core cartels are dwindling, and punishments for conviction are becoming increasingly severe. In this dynamic regulatory environment, multinational companies must be particularly vigilant to avoid both civil and criminal liability.
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