Criminal Law, Antitrust & Trade Regulation, Administrative Law

China’s Antitrust Authority Imposes Fines on Foreign Corporations for the First Time

by Henry Chen | McDermott Will & Emery on 1/7/2013

Recently China’s National Development and Reform Commission (NDRC) imposed an RMB 353 million (USD 56.7 million) penalty against an international price-fixing cartel of LCD manufacturers, the largest the NDRC has ever imposed...more

Avoiding Anti-competitive Employee Recruitment Arrangements: The United States Department of Justice Challenges eBay and the...

by Subrata Bhattacharjee, Adam S. Goodman | Heenan Blaikie LLP on 12/21/2012

In 2010, the government of Canada amended the Competition Act, making anti-competitive conspiracies between competitors or potential competitors a per se criminal offence, requiring no evidence of an adverse impact on...more

JFTC Releases Survey on Corporate Compliance Efforts and Recommends Best Practices

by Jennifer Driscoll-Chippendale | Sheppard Mullin Richter & Hampton LLP on 12/6/2012

On November 28, 2012, the Japan Fair Trade Commission (“JFTC”) published the findings of its 2012 survey of corporate compliance practices based on (i) responses from approximately 879 companies listed on the Tokyo Stock...more

Inside the Mind and Behind the Numbers: Ponzi Schemes

by John Hanson on 11/19/2012

John Hanson, a former FBI Agent and practicing forensic accountant, takes you inside of his mind and behind the numbers of a Ponzi Scheme to answer the universal question: "Where did all that money go?" Based on actual...more

2012 Antitrust Enforcement – A Big Year

by Michael Volkov on 8/29/2012

The Justice Department’s criminal antitrust enforcement program has had some major successes. In many respects, the Justice Department’s criminal antitrust program provides an example of what the FCPA criminal program may...more

The LIBOR Scandal Unraveled

by Michael Volkov on 8/28/2012

The LIBOR “scandal” could have far-reaching implications for financial institutions in the United States and global markets. It is hard to know exactly how the issue will play out. The Department of Justice is definitely...more

You’d Better Watch What You Say: The Fifth Amendment’s Role In Cross-Border Investigations

by Patterson Belknap Webb & Tyler LLP on 8/24/2012

Originally published in InsideCounsel.com on July 11, 2012. The government increasingly has turned its focus abroad, to cross-border investigations and prosecutions, garnering major headlines in cases involving the Foreign...more

Good News/Bad News for M&A and Antitrust: Transactions on the Rise But So is Aggressive Enforcement, Including Prospect of Jail...

by Loeb & Loeb LLP on 7/19/2012

The Department of Justice (DOJ) and Federal Trade Commission (FTC) recently issued their Hart-Scott-Rodino (HSR) Annual Report, documenting a significant increase both in the number of transactions reported and the number...more

SFO Press Release on Manipulation of LIBOR

by Orrick, Herrington & Sutcliffe LLP on 7/10/2012

On July 2, the Serious Fraud Office (SFO) published a press release regarding the manipulation of the setting of the London Interbank Offered Rate (LIBOR). In the press release, the SFO stated that it had been working...more

OFAC’s Long Arm of the Law

by Michael Volkov on 6/28/2012

Who would have ever guessed that the largest corporate penalty paid in 2012 would be an OFAC enforcement action. The Justice Department has many major FCPA enforcement actions in the queue awaiting approval and public...more

Antitrust Issues for Associations

by Venable LLP on 6/25/2012

In this presentation: - Antitrust Basics - Application of the Antitrust Laws to Associations - Compliance Programs and Associations - Discussion and Q&A Please see full presentation below for more...more

The “Top Fives” Concerning Antitrust Compliance Programs

by Howard Ullman on 6/6/2012

There are a number of lengthy articles about antitrust compliance programs. This quick post will give you short answers to three questions: (i) why should you have a compliance program? (ii) what features should a program...more

Criminal Antitrust Update - May 2012

by Patton Boggs LLP on 5/28/2012

IN THIS ISSUE: - Industry Scorecard Publishing: Although the case is civil rather than criminal, the U.S. Justice Department’s Antitrust Division (Division) launched a significant price-fixing lawsuit against...more

Ten Things to Do When Your Company Receives a DOJ Grand Jury Subpoena

by Howard Ullman on 5/9/2012

You have just received notice of a grand jury subpoena duces tecum from the Department of Justice Antitrust Division in connection with a price-fixing investigation. (The likelihood of doing so may be on the rise. In 2008,...more

Reminder: the DOJ Has Criminal Antitrust Enforcement Powers Beyond Price Fixing

by Howard Ullman on 5/8/2012

On May 3, the U.S. DOJ announced that an executive of South Korean-based Hyosung Corporation agreed to plead guilty and to serve time in a U.S. prison for obstruction of justice charges in connection with an automated teller...more

Anti-Corruption and the Auto Industry

by Michael Volkov on 4/11/2012

Some industries have dodged anti-corruption industry sweeps. So far, the industry sweeps have focused on logistics, oil, pharmaceuticals and medical devices. The logistics industry has been a fertile source for other...more

New UK Competition and Markets Authority: What’s in a Name?

by Dechert LLP on 4/6/2012

On 16 March 2011, the UK government’s Department for Business, Innovation and Skills (BIS) launched a consultation proposing a number of reforms to the UK competition regime. After considering the responses on its proposals...more

Streamlining the UK competition regime – a unified competition authority and a lower standard for establishing criminal liability

by White & Case LLP on 3/19/2012

Yesterday, the UK Government published its response to the consultation on competition reform. As widely expected, the Government has confirmed it will introduce a legislative proposal to merge the existing Competition...more