Amendments to South Africa’s competition law provides more scrutiny of pricing practices in oligopolistic markets.
South Africa's tightening up of its competition law enables it to punish collusive conduct by firms, but there are major obstacles to implementing the changes.
Like the banks, John Gotti was known as the ‘teflon don’ because of prosecutors’ failure to convict him for his alleged crimes.
Banks have become like Wall Street versions of "teflon don" John Gotti, able to avoid conviction despite repeated criminal prosecutions.
Australia’s corporate regulator wants to tackle what it believes is collusion in the petrol industry, but court action to date hasn’t really succeeded.
The Australian Competition and Consumer Commission’s latest foray into the difficult and politically charged arena of petrol pricing is just the latest in a long running saga that is unlikely to be resolved…