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.