A PYMNTS Company

Global: Despite slow start, global cartel fines likely to reach 2012 numbers, says A&O

By  |  July 1, 2013
Global: Despite slow start, global cartel fines likely to reach 2012 numbers, says A&O

Despite what law firm Allen & Overy describes as a “slow start” to fines issued by some of the largest antitrust enforcers in the world, the firm predicts that the second half of 2013 will likely see a jump in issued fines. A&O noted that more than $658 million in fines have been issued so far by regulators within the US, Brazil and Canada – a number not quite promising to reaching similar levels in 2012, which hit $5.26 billion by the end of the year. Still, said the firm, regulators are likely going to pick up their issuance of fines due to cases like LIBOR.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Lawyer

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.