NYK Fined $25M In Australia Over Vehicle Transport Cartel

Law360, New York (August 3, 2017, 6:47 PM EDT) -- The federal court of Australia on Thursday handed down a AU$25 million ($19.8 million) fine to Japanese shipping company Nippon Yusen Kabushiki Kaisha over its participation in a global cartel focused on the transportation of vehicles and its impact on the country. 

The ruling marks the first successful prosecution under cartel provisions of Australia's Competition and Consumer Act established in 2010, according to the Australian Competition and Consumer Commission. The decision stems from a guilty plea entered in Australian court by NYK in July 2016 over cartel charges levied by the Australian Commonwealth Director of Public Prosecutions.

The CDPP accused NYK...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!