Competition Law Compliance Programs
Any failure to appreciate the possible exposure to competition law violations subjects an organisation to unseen risks, with potentially serious consequences. Administrative fines and civil damages have reached levels that can threaten a company’s very existence. Moreover, the real threat of jail time for individuals is no longer constrained by US borders. European jurisdictions are beginning to enact criminal penalties for individual cartel participants.
As a result of the increasingly global nature of the economy, decentralisation and constantly changing business environments, organisations find it difficult to stay abreast of changing antitrust legislation and its impact and implications for businesses. It is therefore more important than ever to have an effective antitrust auditing and compliance programme.
Lorenz helps multinational corporations, SMEs and trade organisations understand the competition law environment in which they operate, audit corporate practices and monitor relevant developments to ensure that business conduct is fully in compliance with antitrust laws. We have extensive experience in designing, implementing and monitoring comprehensive, tailored competition compliance programmes. Our lawyers have conducted antitrust audits to identify risk areas and advised on corporate conduct and procedures to minimize our clients’ risk of becoming involved in a cartel investigation.