The Department of Justice has formed a five-member task force to handle cases involving anti-competition practices like price fixing and cartels.
Making up the Task Force on Anti-Competitive Agreements and Cartels are five members from DOJ offices including the National Prosecution Service (NPS), Office of the Chief State Counsel and Office for Competition (OFC).
“Effective anti-cartel enforcement requires a dedicated unit equipped with the necessary tools and capacity to handle the complex nature of competition cases,” Justice Secretary Leila de Lima said Friday.
De Lima added the DOJ has already recommended to the Supreme Court the designation of specialized courts to hear and decide on competition cases
Justice Assistant Secretary Geronimo Sy, head of the DOJ Office for Competition, said the focus of the task force would be on cases involving price fixing, output restriction, market allocation, bid-rigging and similar anti- competitive agreements.
Full content: Business Worl Online
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI