European Competition Network launches Model Leniency Programme
The European Competition Network (ECN), which consists of the EC and the competition authorities of the 25 member states, has launched a Model Leniency Programme that is hoped to improve the handling of parallel leniency applications in the ECN. The programme will assist applicants avoid being faced with differing requirements when they have to deal with several leniency programmes.
NZ High Court imposes A$1.6 million fine on wood cartel participants
The New Zealand High Court has imposed a fine of A$1.6 million on Osmose NZ, Osmose Australia and two Australian-based executives involved in a wood preservatives cartel. The case represents New Zealand’s largest cartel prosecution, with proceedings against seven further corporate and individual defendants continuing.
Amendments to UK extradition rules urged
British business lobbyists and human rights groups are urging lawmakers to back legislation that would prevent UK citizens from being extradited for crimes allegedly committed in their own country. Britain's business community claims the existing procedures fail to protect UK citizens, particularly from US extradition requests. The US government is currently pursuing the former CEO of English ceramics maker Morgan Crucible Co., on criminal cartel charges.
Japan plans consumer safety organisation
The Japanese government is reportedly planning to establish a national organisation which will be responsible for handling issues surrounding product safety. The organisation will be modelled on the US Consumer Product Safety Commission and it is hoped it will be operational by 2009.
