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New Zealand's criminalization of cartel conduct takes effect

( April 7, 2021, 23:15 GMT | Official Statement) -- MLex Summary: Cartel conduct in New Zealand is from today punishable by jail terms of up to 7 years. Criminal-cartel laws have taken effect, adding prison time to the penalties already available under New Zealand competition law, the country's antitrust regulator has said. The introduction of possible imprisonment for cartel conduct underlines just how serious and harmful this offending is, New Zealand Commerce Commission Chair Anna Rawlings said in a statement released today.The full statement from the New Zealand Commerce Commission follows:...

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