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Australia/New Zealand/Canada: Heavy fines issued by authorities in trend of price-fixing charges

 |  November 29, 2012

In a report issued by the Association of Corporate Counsel, experts highlight the spike in fines issued to airlines for antitrust violations in the last six months. New Zealand, Australia and Canada have continued the trend in recent months of administering fines for price-fixing. The ACC summarizes recent charges administered to various airlines by antitrust authorities, including Japan Airlines, who was fined $2.3 million by the New Zealand Commerce Commission; Malaysia Airlines, who settled with the Australian Competition and Consumer Commission for A$6 million; and Korean Air, who pleaded guilty to charges issued by the Canadian Competition Act and paid $5.5 million.

Full Content: Association of Corporate Counsel

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