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In the past, the Antitrust Division has used its “Frequently Asked Questions” piece to announce significant changes in the Amnesty Program. In  November 2008, for example, they made mandatory an explicit admission of criminal wrongdoing. Before then, the applicant need only have reported “possible” criminal activity. FAQs, p.6, fn. 7

The Division’s January 17, 2017, edition makes two more very significant changes: (1) to obtain a marker, counsel must identify the client (FAQs, p.3) and (2) amnesty for executives is not guaranteed under the often-used Type B Leniency. In that situation, “…the Division has more discretion…”( FAQs, p. 22).Continue Reading Frequently Asked Questions About the Amnesty Program—Major Changes in the Antitrust Division’s January 2017 Update

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The UK people have voted to leave the European Union. Although there is no constitutional duty to leave the Union as a result, politically this is likely going to happen. Change will not be immediate and happen over time.

Companies are well advised to react quickly to assess the impact Brexit might have on their business and current commercial decisions involving the UK if they have not already done so.Continue Reading Brexit, Here We Come (or Go)

미 법무부(Department of Justice)와 연방거래위원회 (Federal Trade Commission)는 한국 공정거래위원회와 9월 8일 워싱턴, D.C.에서 양국의 경쟁당국간 협력 및 교류를 증진하기 위한 업무협약(Memorandum of Understanding on Antitrust Cooperation)을 체결하였다. 동 업무협약은 건전하고 효과적인 양국의 경쟁법 집행이 시장의 효율적인 운영 및 각국 소비자들의  경제적 복지에 매우 중요하다는 점을 확인하고, 양국의 경쟁당국간 경쟁법 집행시의 협력 및 조율을 통해 각 경쟁당국 단독으로 움직일 때보다 각 경쟁당국이 염려하는 바를 보다 효과적으로 해결할  가능성이 있음을 인정하였다. 또한, 동 업무협약은 더 나아가 양국의 경쟁당국간 경쟁법 및 경쟁 정책에 대한 원활한 의사소통이 경쟁당국간의 관계 증진 및 강화에 기여할 수 있음을 확인하였다.
Continue Reading 한∙미 경쟁당국, 경쟁분야 협력에 관한 업무협약 체결 (US and Korea Competition Authorities Signed MOU on Competition Cooperation)

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Section 14 of the Anti-Monopoly Law of the PRC (“AML”) clearly regulates retail price maintenance (“RPM”), and RPM definitely is on the radar of the AML authorities for investigation and penalties.  Enforcement against Maotai Liquor in 2013 proved that enforcing compulsory retail prices may cross a redline with the authorities in China.  Recent enforcement and civil cases in 2013 and 2014 should also alert all multinational companies to double-check and improve their AML compliance system. 
Continue Reading New Red Flag for Multinationals: Retail Price Maintenance on Chinese AML Regulator’s Radar