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​Cartelists face jail time under New Zealand's new law, as clash over criminal offense continues

By James Panichi ( April 5, 2019, 00:09 GMT | Insight) -- New Zealand’s tough new criminal-cartel laws will create economic uncertainty and will lead to “fundamentally innocent business people being criminalized,” the country’s opposition said about the legislation that came into effect yesterday after a heated parliamentary debate. But Commerce and Consumer Affairs Minister Kris Faafoi welcomed parliament's vote in favor of the Commerce (Criminalization of Cartels) Amendment Bill, saying it would provide greater protection for consumers affected by illegal anticompetitive agreements.New Zealand’s tough new criminal-cartel laws will create economic uncertainty and will lead to “fundamentally innocent business people being criminalized,” the country’s opposition has said about the legislation that came into effect late yesterday after a heated parliamentary debate....

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