In the first half of 2018, global fines for cartel anti-competition conduct nearly doubled from those issued over the same period in 2017, soaring from $1.2 billion to $2.17 billion, according to a new report.
The midyear Morgan, Lewis & Bockius Global Cartel Enforcement Report shows that while most of the government crackdowns occurred in Europe ($1.2 billion in fines), three other countries—Australia ($34.6 million), Singapore ($14.7 million) and Egypt ($316 million)—imposed the largest corporate collusion penalties in the history of those countries.
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