Sherman Act Global Antitrust – P

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					          Sherman Act
Global Antitrust – Predatory Prices and
               Mergers.

              Tendai Kavu
               Jay Knodell
             Christian Koschil

                                          1
      Sherman Act Background
   Enacted in July, 1890
   Principal law expressing the
    USA’s commitment to a free
    market economy
   Competition, free from private
    and governmental restraints
    leads to the best results for
    consumers
                                     2
    Sherman Act Key Provisions
   Section 1 – Restraint of trade

   Section 2 – Monopolizing

   DOJ can bring criminal
    prosecutions against offending
    parties
                                     3
            Parties Involved
   Congress
   Consumers
   Trusts (Corporations)
   Competitors/Rivals




                               4
             Major Problems
   Stifles innovation
   Extraterritoriality
   Ambiguity
   Applicability




                              5
6
       Anti-Cartel Enforcement:
    Air Cargo & Passenger Pricing
   Sherman Act, Section 1

   Fixing int’l fuel surcharges

   Fixing int’l cargo shipments



                                   7
       Anti-Cartel Enforcement:
    Air Cargo & Passenger Pricing

   British Airways

   Korean Airlines




                                    8
       Anti-Cartel Enforcement:
    Air Cargo & Passenger Pricing
   08/07: Pleading guilty, paying $300
    million criminal fines
     • DOJ’s Antitrust Division & FBI
     • British Office of Fair Trading
     • South Korea’s Fair Trade Commission

   07-183-JDB and 07-184-JDB (filed August 1, 2007)




                                                       9
       Anti-Cartel Enforcement:
    Air Cargo & Passenger Pricing
   Amnesty incentives drive investigations

   Extraterritoriality

   Judicial imperialism



                                        10
            Policy Proposal
   Clarify Rules…

   International Collaboration…

   Regulate Mergers…

   Provide Incentives…

                                   11
              Conclusion
   Global Economy…

   Global Issue…

   Global Cooperation…

   Global Solution…

                           12
    Department of Justice: Global
       Antitrust Enforcement
   Quote from Thomas O. Barnett,
    Assistant Attorney General: Antitrust
    Division

   Speech given to the Georgetown Law
    Global Antitrust Enforcement
    Symposium

   September 26th 2007.                13
Questions?




             14

				
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