In the United States, there are two major federal antitrust laws relating to cartels: Section 1 of the Sherman Antitrust Act (15 U.S.C. § 1), which prohibits "[e]very contract, combination in the form of trust.
"A monitor is an independent third party who assesses and monitors a company's adherence to the compliance requirements of an agreement that was designed to reduce.
The aggressive US enforcement landscape has encouraged an increasing focus on corporate compliance programmes. Companies under US jurisdiction can face significant consequences.
Recent White House initiatives and speeches by Department of Justice officials have emphasized the importance that the Biden Administration is putting on enforcement of international regulations, such as the Foreign Corrupt Practices Act (FCPA).
Automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. The relative stability in the global supply chain that the automotive industry enjoyed for many years is unlikely to be restored.