Japan's Antitrust Regulator Proposes Stiffer Fines

Law360, New York (October 23, 2007, 12:00 AM EDT) -- Japan's antitrust regulator has proposed several amendments to the country's main antitrust law that would increase administrative fines on monopolists as well as create a “group lawsuit system” that expands the scope and strength of the private right of action.

Japan's Fair Trade Commission made public its prospective amendments to the country's Antimonopoly Act on Oct. 16. The recommendations were made in cooperation with an advisory panel that sits under the chief cabinet secretary, according to the commission.

Though the recommendations, which were provisionally translated on...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.