Law360, New York (February 20, 2008, 12:00 AM EST) -- Senior enforcement officials and the heads of enforcement authorities for the European Union and six nations that have taken the lead in pursuing international cartels and price-fixing conspiracies have committed to greater coordination and increased sanctions, criminal fines and prison sentences to deter future international cartel and price-fixing efforts.
These officials also committed to reviewing and enhancing their agencies’ leniency programs so as to create greater incentives for self-reporting by participants in international cartels.
Depending on the authority at issue, the leniency programs can provide both...
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