Australian Cartel Whistleblowers May Dodge Jail

Law360, New York (December 1, 2008, 12:00 AM EST) -- Australian corporate executives who report cartel activity will be eligible for immunity from civil and criminal prosecution, the country's top prosecutor announced Monday, marking a major policy departure by the government.

The extension of the whistleblower immunity program to criminal conduct follows the release in late October of draft anti-cartel legislation by the Australian government that makes price collusion and other anti-competitive activity punishable by up to 10 years in prison.

It is a shift by Commonwealth Director of Public Prosecutions Chris Craigie, whose office is...
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.