US: DoJ creates competition task force

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.