Antitrust Division DAAG Richard Powers gave opening remarks at the 13th International Cartel Worksop that has just begun in San Francisco, California. While there was no new ground in Mr. Powers remarks, the remarks are extensive and provides insight into the Division’s thinking regarding mature policies like Corporate Leniency as well as the Division’s newer policies such as the change in how the Division treats corporate compliance programs. I recommend reading this statement which can be found here.
To give you a flavor, I’ve bullet pointed the Title and Paragraph Headings:
- A Matter of Trust: Enduring Leniency Lessons for the Future of Cartel Enforcement
- Reaffirming Leniency’s Three Key “Cornerstones
- Sanctions on Individual
- Corporate Fines and Penalties
- Compliance Credit
- Heightened Fear of Detection
- Predictability and Transparency
- Maintaining Trust and Confidence in the Leniency Program
- Leniency’s Value
- Preserving the Leniency Program’s Incentives
- Cross-border Cartel Enforcement
- Treble Damages Private Litigation & ACPERA
- Leniency in the Broader Context of the Antitrust Division’s Cartel Enforcement Effort
- Conclusion
I have been to several International Cartel Conferences, including the first that was held in Washington, D.C. if I remember correctly. It’s a great program bringing cartel defense lawyers and government prosecutors together from around the world.