On 2 August 2019, Kawasaki Kisen Kaisha Ltd ("K-Line") was ordered by the Federal Court of Australia to pay a $34.5 million fine for criminal cartel conduct occurring between July 2009 and September 2012. K-Line's fine is the largest ever criminal penalty to be handed down for contraventions of the Australian Competition and Consumer Act 2010 (Cth). WHAT YOU NEED TO KNOW - KEY TAKEAWAYS Companies should ensure that they do not enter agreements that may have an effect in distorting or limiting competition in the relevant market. Internal whistle-blower arrangements are likely to mitigate this risk. The ACCC has extensive
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