Kawasaki Kisen Kaisha Ltd (K-Line) has received the largest criminal fine imposed under the Competition and Consumer Act, after pleading guilty to criminal cartel conduct in 2018.

Justice Wigney of the Federal Court stated that the penalty “should send a powerful message to multinational corporations” and that “anti-competitive conduct will not be tolerated”. It is only the second sentencing decision in a criminal cartel case in Australia – one of the other shipping companies party to the agreement, Nippon Yusen Kabushiki Kaisha (NYK), also faced criminal cartel charges and was fined $25 million in 2017.

Read the full briefing here.

Contacts

Liza Carver

Liza Carver
Regional Head of Practice, Australia
+61 2 9225 5574

Andrew Eastwood

Andrew Eastwood
Partner, Sydney
+61 2 9225 5442

Annalisa Heger

Annalisa Heger
Special Counsel, Melbourne
+61 3 9288 1523

Christine Wong

Christine Wong
Senior Associate, Sydney
+61 2 9225 5475