New U.S. enforcement policy is assessed
Article Abstract:
The Justice Department's decision to reassess its foreign antitrust enforcement policy demonstrates its frustration with negotiation of antitrust issues with foreign countries. The department's Antitrust Division may change its 1988 policy of challenging foreign trade practices only when they hurt US consumers. Instead, any practice which harms US exporters would be challenged. The change in enforcement is mostly symbolic, stimulated by political circumstances involving Japanese trade practices. The new policy merely complements the Sherman Act and the 1982 Foreign Trade Antitrust Improvements Act. The unwillingness of foreign corporations and governments to adhere to US legal stipulations remains a problem for antitrust enforcement.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
European regulations reviewed; joint ventures
Article Abstract:
European Community (EC) officials have proposed the draft Guidelines for the Appraisal of Cooperative Joint Ventures and draft amendments for the current regulations. The EC Merger Regulation distinguishes between 'cooperative' and 'concentrative' joint undertakings. Concentrative joint ventures are judged according to less onerous standards, which has led to some distortion of transactions in order to fit into the more favorable category. The elimination of this distinction in the draft guidelines should be welcome news to the business community.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
E.C.-U.S. Agreement on antitrust already had had impact on business
Article Abstract:
The EC-US Antitrust Cooperation Agreement seems to be reducing conflict between governments on the enforcement of competition laws. The agreement includes the following: mandatory notification when one party's enforcement activities might affect another's important interests, mandates information sharing about anti-competitive and enforcement activity in each other's territory, coordination of enforcement activities, positive comity, and avoidance of conflict by respecting each other's important interests.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A management perspective: mandatory arbitration agreements are an effective alternative to employment litigation
- Abstracts: The unjust enrichment doctrine: an expanded definition threatens the rights of secured lenders
- Abstracts: It's unfair but practical. A lawyer's life is no bed of roses, but for many it beats the alternatives. Ethics: in many firms the practice of billable hours has become insidious
- Abstracts: Official quits over ABA pact; N.Y. judge objects to terms of antitrust settlement. Judge says CEO contempt was criminal
- Abstracts: Are the Valdez Principles sinking fast? Carpetbaggers descend on the City of Fallen Angels. Banks caught red-handed on redlining