With the financial downturn, company employees are under increased pressure to deliver positive results to management and shareholders in what remains a very challenging economic environment. At the same time, regulators across the globe are becoming more ever more vigorous in their search for unlawful behavior and their imposition of historically high fines. In the cartel area, especially, the present economic and enforcement environment is fraught with risk for international companies, who face a continuously increasing number of jurisdictions pursuing anticompetitive behavior, and a continuous uptick in fine levels and prison sentences. The recent imposition of a US$500 million fine on AU Optronics after a California court found it had engaged in unlawful behavior and the increasing number of prison sentences being imposed on non-U.S. employees are just some of the evidence illustrating the risks companies face in this environment – even as these companies are increasingly being required to operate with smaller in-house legal teams.
In this 60-minute webinar, Hogan Lovells lawyers will address some of the most recent and critical trends in cartel enforcement that companies face, and some of the steps that in-house counsel can take to reduce these risks. Topics to be addressed will include:
- U.S. - Recent Department of Justice (DOJ) plea agreements and trials, including developments from the auto parts, LCD, and municipal bonds cases. We will also address how the DOJ’s cartel enforcement policies and practices are evolving, and what to expect during President Obama’s second term.
- EU - The judicial review of EU decisions ordering dawn raids and cartel fines, the European Commission's growing interest in cartels outside Europe, and the uncertain situation of parents' responsibility for compliance by their joint venture entities.
- UK - The UK Office of Fair Trading's recent enforcement record, its advice on how to achieve compliance, and the future of cartel enforcement in the UK in the light of likely statutory changes.
- China - The impact of U.S. and European cartel investigations for MNCs with operations in China and a brief analysis of increased cartel enforcement risks in China.
Who should tune in:
In-house counsel and business and regulatory affairs professionals from all industry sectors.
This 60-minute complimentary webinar will include a Q&A session.
To view the webinar, please click here.
If you have questions please contact Sandra Claudio, Senior Marketing Coordinator, Hogan Lovells US LLP at email@example.com or +1 202 637 6839.