New Zealand's competition regulator the Commerce Commission has warned businesses that agreements they reach with their competitors can result in imprisonment, as it undertakes its latest Scene of a Crime education campaign.
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.
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