Global cartel fines halved last year compared with 2016, with the EU leading the way in cutting back on financial penalties, figures published yesterday show.
Lawyers at the London office of the US law firm Morgan Lewis, which compiled the figures, said that the “eyepopping” totals in recent years had been driven by several large cases, including the competition actions resulting in large fines for cartels involving heavy duty trucks in 2016, foreign exchange deals in 2015 and car parts and financial benchmarks in 2014.
Partner Omar Shah is quoted regarding the report findings.