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New Zealand’s competition enforcement agency, The Commerce Commission, has issued a revised cartel leniency and immunity policy and revised template leniency agreement.
New Zealand’s competition enforcement agency has got tougher on the country’s cartels, with cartel conduct - including price fixing, market allocation and bid rigging - now punishable with a term of imprisonment of up to 7 years.
The Australia and New Zealand Banking Group (ANZ), Citigroup Global Markets Australia, Deutsche Bank and six senior banking executives have all been committed to the Federal Court of Australia for trial on criminal cartel charges.
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She didn't walk away empty handed, she got a partial win which meant she got 50% of the prize value