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RSS FeedThe country and territory jurisdictions are grouped into the following regions: South East Asia, South Asia, East Asia and Oceania. The information on each jurisdictions is provided by competition lawyers who work within the region.
If you have any comments or suggestions about the site, please email contactus@antitrustasia.com.
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205
By David Fruitman of DFDL Mekong
A brief note on the potential amendments to the Trade Competition Act. -
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By Luke Woodward, Graeme Edgerton, Tadeusz Gielas and Genevieve Harris
New cartel provisions in the Trade Practices Act took effect in July 2009. The most significant change is the introduction of criminal sanctions for individuals and corporations which gives effect to parallel civil prohibitions and criminal offences for cartel conduct. Significant fines and jail terms are possible under the new provisions.ACCC investigations will now be supported by the Australian Federal Police with wire tapping and other surveillance powers. As the ACCC has made it clear it will refer all serious cartel conduct to the DPP, it is important for businesses to understand the implications of the changes.