The US has long held the top antitrust authorities, often standing as an example to follow for other nations setting their own competition guidelines. But according to reports, the recent budget cuts to hit the US Federal Trade Commission and Department of Justice may threaten the agencies’ chances of reaching more than $1 billion in collected antitrust fines, as they have done in the past two years.
Despite the financial restrictions – meaning fewer resources and employees – reports say the spread of competition regulation throughout the globe means companies cannot lag in their adherence to antitrust laws.
Firms engaging in international commerce now have to face the more than 115 national competition authorities that have been established this far, especially as nations like China begin to focus their anti-cartel, anti-collusion and anti-price-fixing efforts on nondomestic companies.
Read the full analysis of this trend below.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 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