Criminal Sanctions Loom For Australian Cartels

Law360, New York (November 20, 2006, 12:00 AM EST) -- In a long-awaited move, the Australian government is preparing to add criminal sanctions to its expanding competition law, prompting the nation’s top law firms to eye new procedures.

The criminal sanctions are set to take effect next year. They were put forth about eight months ago, and stem from the so-called Dawson Report in 2003, which outlined a number of ways to dramatically update Australia’s antitrust rules.

“This is a very big deal," said Bruce Lloyd, a partner at the Australian law firm Clayton Utz. "This...
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