Those who scan the horizon for new international antitrust developments will have noticed that South Korea has become a frequent and active player, spearheading what might be viewed as a "surge" in antitrust activity across the Pacific. Japan has adopted a leniency program and is pursuing cartels with new vigor, both alone and in cooperation with other jurisdictions; class actions seem to be emerging as a regular feature of the Australian system, and the ACCC professes interest in criminal remedies; Singapore is rolling out its new law, and with continuation of merger review and the enactment of the first broad-gauge antitrust statute in China, due to go into effect in August 2008, one wonders how close we are to the day when every deal and every major antitrust issue faces an acid test in at least one Asian jurisdiction (in addition to the "standard" US/EU/Canada, etc.). But South Korean enforcement is active right now -- not "over the horizon" or even "on" it.
Wednesday, November 14, 2007
Is Asia's antitrust "surge" working?
in past posts (What if there were no antitrust?) we have blogged about Asia's antitrust laws. Now, from Tad Lipsky: