New Taiwan Fair Trade Act Amendments Pack Hefty 40-Fold Antitrust Fine Punch


In December 2011, Taiwan dramatically increased the stakes for companies doing business in Taiwan. Cartel fines were increased more than 40-fold in Taiwan, and Taiwan became the most recent nation to adopt a full-fledged cartel leniency program. The new fines bring Taiwan into the range of hundreds of millions of US dollars or euros for future cases. The intended result of these two actions is a sharp increase in self-reported cartel conduct to Taiwan’s antitrust authorities and a steep escalation in Taiwan’s cartel fines. Taiwan thus joins other cartel enforcers in the race to post the steepest governmental fines against alleged cartel conduct.

At the same time, US and European enforcement actions against Taiwan-based firms are at an all-time high. Recently, US and EU competition authorities have both imposed significant penalties on Taiwanese companies. This has included US jail time announced for several Taiwanese executives.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.