The Australian Federal Court imposes a record fine on a shipping company guilty of cartel conduct due to the length, serious nature, and economic importance of the market (Kawasaki Kisen Kaisha)

Kawasaki Kisen Kaisha Ltd (K-Line) has received the largest criminal fine imposed under the Competition and Consumer Act, after pleading guilty to criminal cartel conduct in 2018. Justice Wigney of the Federal Court stated that the penalty “should send a powerful message to multinational corporations” and that “anti-competitive conduct will not be tolerated”. It is only the second sentencing decision in a criminal cartel case in Australia – one of the other shipping companies party to the agreement, Nippon Yusen Kabushiki Kaisha

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  • Herbert Smith Freehills (Melbourne)

Quotation

Damien Devnarain, The Australian Federal Court imposes a record fine on a shipping company guilty of cartel conduct due to the length, serious nature, and economic importance of the market (Kawasaki Kisen Kaisha), 13 August 2019, e-Competitions August 2019, Art. N° 93519

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