2022 saw a mixed picture in terms of antitrust enforcement across the globe. For the jurisdictions surveyed in our report, global fine totals were down significantly from 2021 (USD3.5bn, compared to USD11.3bn), with the U.S., EU, and a number of other key jurisdictions reporting marked decreases in fines. And although 2021 was in many ways an anomaly year of bumper enforcement, 2022’s fining totals were also down on 2020, where global fine totals were USD4.9bn despite the Covid-19 pandemic.