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Cartel regulation is a prime element of competition policy and an essential means of minimising the adverse effects of cartel activity on economic welfare. However, effective cartel regulation poses distinct challenges for governments, competition authorities and commentators across the globe. In Australian Cartel Regulation, leading competition law experts Caron Beaton-Wells and Brent Fisse reflect on developments in anti-cartel law in Australia over the last 30 years. They provide a comprehensive account of the current law on cartels as well as discussing key issues that may arise in the...

This book is inspired by the international movement towards the criminalization of cartel conduct over the last decade. Led by US enforcers, criminalization has been supported by a growing number of regulators and governments. It derives its support from the simple yet persuasive proposition that criminal sanctions, particularly jail time, are the most effective deterrent to such activity. However, criminalization is much more complex than the basic proposition suggests. There is complexity both in terms of the various forces that are driving and shaping the movement - economic, political,...

Leniency policies are seen as a revolution in contemporary anti-cartel law enforcement. Unique to competition law, these policies are regarded as essential to detecting, punishing, and deterring business collusion; conduct that subverts competition at national and global levels. Featuring contributions from leading scholars, practitioners, and enforcers from around the world, this book is a critique of the almost universal adoption and zealous defense of leniency by competition authorities. The book charts the origins of and impetuses for the leniency movement, while capturing key insights...