Abstract
The purpose of this paper is to explore the rationale for competition law design, to help understand the key challenges posed within the sphere of competition
compliance. While there are important differences between the 140 or so competition law jurisdictions around the world, there is also a significant amount of similarity and convergence in the design of substantive rules and in the general approach to enforcement. In particular, competition law is characterised by prohibitions that are deliberately wide in scope, the imposition of corporate fines that can be significantly greater than other areas of regulatory risk, and in the unique use of leniency as a primary tool for the detection of cartels and other anticompetitive agreements.
compliance. While there are important differences between the 140 or so competition law jurisdictions around the world, there is also a significant amount of similarity and convergence in the design of substantive rules and in the general approach to enforcement. In particular, competition law is characterised by prohibitions that are deliberately wide in scope, the imposition of corporate fines that can be significantly greater than other areas of regulatory risk, and in the unique use of leniency as a primary tool for the detection of cartels and other anticompetitive agreements.
| Original language | English |
|---|---|
| Title of host publication | Perspectives on Antitrust Compliance |
| Editors | Andreas Stephan, Anny Tubbs, Anne Riley |
| Publisher | Concurrences |
| Chapter | 2 |
| Pages | 7-20 |
| Number of pages | 14 |
| ISBN (Print) | 978‑1‑939007‑18‑6 |
| Publication status | Published - 2 Mar 2022 |