ABA Sections Critique Canada's Cartel Leniency Plan

Law360, New York (June 1, 2009, 12:00 AM EDT) -- Several sections of the American Bar Association have responded to the Canadian Competition Bureau's revised guidelines for sentencing and leniency in cartel cases, encouraging the agency to provide stronger incentives for parties to settle.

In a report sent Friday to the Competition Bureau, the ABA's Antitrust, International, Business and Criminal Justice sections submitted comments that propose four criteria they claim are essential for an effective settlement program: procedural transparency, generous settlement discounts, legal certainty and protection of confidentiality.

The comments were submitted in response to revised...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.