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Global: Despite slow start, global cartel fines likely to reach 2012 numbers, says A&O

By  |  July 1, 2013
Global: Despite slow start, global cartel fines likely to reach 2012 numbers, says A&O

Despite what law firm Allen & Overy describes as a “slow start” to fines issued by some of the largest antitrust enforcers in the world, the firm predicts that the second half of 2013 will likely see a jump in issued fines. A&O noted that more than $658 million in fines have been issued so far by regulators within the US, Brazil and Canada – a number not quite promising to reaching similar levels in 2012, which hit $5.26 billion by the end of the year. Still, said the firm, regulators are likely going to pick up their issuance of fines due to cases like LIBOR.

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