Credit for compliance: Achieving the benefits of a robust antitrust compliance program

COVID-19 (coronavirus) is naturally the focus of everyone’s attention currently given the unprecedented scale of the crisis. There are important implications from an antitrust and competition law perspective, including the extent to which competitors can collaborate during the crisis and the willingness of governments and authorities to provide formal or informal comfort that such collaboration to ensure supply of essential goods and services will not be deemed an infringement. We discuss the issues in our separate briefing.

Antitrust and competition compliance remains important during the COVID-19 crisis. Indeed, looking more broadly beyond the current crisis, antitrust/competition compliance has never been more important given the global proliferation of antitrust regimes in recent years. Over 140 jurisdictions now have antitrust/competition laws – so businesses that fail to adopt robust compliance measures face a real risk of infringing those laws and, consequently, considerable fines and other serious adverse consequences. The increased prevalence of follow-on damages litigation further amplifies this risk.

An effective compliance program has many benefits – most obviously, avoiding infringements by educating employees on what is/is not permitted. It also allows a business to implement procedures to detect potential antitrust concerns and take appropriate steps to mitigate risks before they occur or at an early stage.

A significant additional benefit is that many jurisdictions give “credit” to businesses that, despite committing an infringement, demonstrate robust compliance efforts – which can carry serious weight, reducing the level of penalty imposed. This crucial benefit is often overlooked, but a recent shift in policy by the US Department of Justice (DOJ) has refocused attention on the credit available.

In our new report (which can be downloaded here), we compare antitrust regimes around the world by reference to the new US approach and give guidance on how to create an effective compliance program. While the rules and specific requirements across different jurisdictions can be complex, our extensive experience dealing with authorities around the globe allows us to identify a number of consistent themes. Common points across all regimes are:

	An online compliance program – such as our award-winning Compliance Manager training tool – is an effective way to achieve a tailored, risk-based approach, educating employees on what they can/cannot do.		Further information about the new US approach to granting credit for an effective compliance program, as adopted by the DOJ’s antitrust division, can be found in our separate briefing.
	See also our recent video where Shaha El-Sheemy, a Senior Associate in London, discusses how the new US approach compares to approaches in other jurisdictions and how to achieve effective antitrust compliance with leading academic, Richard Whish QC.		Our Antitrust and Competition group includes more than 150 lawyers globally, 10 per cent of whom have first-hand experience working at a senior level within the authorities. We are ranked in Global Competition Review’s Global Elite for 2020 at number 10 in the world.

To help you manage your risk  around the world we have  developed a global antitrust  risk map – a comparative guide  to antitrust risk in over 140  countries. For more details, see: https://www.nortonrosefulbright.com/en/ knowledge/publications/4bf90533/global- antitrust-risk-map

Further information is provided in our report. If you would like to discuss any aspect of our report or antitrust compliance in general, please see our contact details at the back of the report and below.