BEGIN:VCALENDAR
PRODID:-//Session events Calendar//IBA//EN
CALSCALE:GREGORIAN
VERSION:2.0
BEGIN:VEVENT
DTSTAMP:20260507T042240Z
DTSTART:20190606T002000Z
DTEND:20190606T014500Z
SUMMARY:Cartels: to file or not to file for leniency?
DESCRIPTION:Leniency programmes have been a huge success in many jurisdic
 tions over the last 20 years\, bringing cases to the attention of regula
 tors and enabling them to successfully prosecute international cartels. 
 But is the system still working well? The disincentives for leniency are
  increasingly strong. These include ‘side-effects’ of leniency applicati
 ons\, such as the heavy costs associated with broad document disclosures
 \, and continuous cooperation with regulators and follow-on private liti
 gation. In addition\, regulators have been changing the rules of lenienc
 y\, often without complete transparency. And cases are becoming more com
 plex and not as clear-cut\, which begs the question whether a full confe
 ssion of hard-core conduct is merited.\n\nThis panel will explore practi
 cal issues associated with the strategic choice of seeking (or foregoing
 ) leniency. The panel will also discuss a number of novel and developing
  theories of hard-core cartel conduct – such as information-sharing amon
 g competitors\, algorithmic conspiracies\, and collusion via ‘hubs’ or o
 ther conduits – and whether leniency still makes sense in such scenarios
 .\n
LOCATION:Imperial Hotel
UID:4b47f2f9-5366-4d4f-9ec8-a874fd7263cc
END:VEVENT
END:VCALENDAR