Jeffrey Hallam writes “Multinational Cooperation with the Investigation of International Cartels” for International Law OfficeMay 2004
Over the past 10 years, the investigation and prosecution of cartels has gained momentum around the globe. The US Department of Justice Antitrust Division, in particular, has extended the scope of its enforcement by pursuing international antitrust violations. While the division continues to strengthen its dedication to the detection and prosecution of international cartels,(1) many foreign governments are assisting new and improved cooperation agreements, engaging in unprecedented coordinated investigations, and strengthening their own antitrust laws and enforcement programmes. This update reviews these developments and examines the practical impacts of international cooperation and coordination with US antitrust prosecutions of corporations and executives worldwide.