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@article{ART002592349},
author={Bae Jong-Goon},
title={The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System},
journal={DONG-A LAW REVIEW},
issn={1225-3405},
year={2020},
number={87},
pages={81-126},
doi={10.31839/DALR.2020.5.87.81}

TY - JOUR
AU - Bae Jong-Goon
TI - The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System
JO - DONG-A LAW REVIEW
PY - 2020
VL - null
IS - 87
PB - The Institute for Legal Studies Dong-A University
SP - 81
EP - 126
SN - 1225-3405
AB - The previous DOJ’s Antitrust Division considered the ComplianceProgram(CP) to be a failed program if a company with pre-existing CPswas involved in a cartel. Therefore, the Antitrust Division refused to creditpre-existing compliance programs at the charging or sentencing phases ina criminal antitrust investigation. However, Starting in 2015, the AntitrustDivision began providing credit for compliance programs created during aninvestigation. In addition, on July 11, 2019, the Antitrust Division issued itsown ‘guidelines for Evaluation of Corporate Compliance Programs inCriminal Antitrust Investigations(effective CP evaluation guidelines)' topromote an active culture of self-compliance, such as corporateinvestigation cooperation and prevention of recurrence and to providetransparency and predictability of CP’s credit procedures. The Antitrust Division's new CP policies are expected to have asignificant impact on major competition authorities, including The KoreaFair Trade Commission. In particular, in response to strong sanctions ofinternational cartels, Our companies are expected to be required not onlyto actively utilize the Leniency Program but also to prove the CP’s effectiveness. Thus, the role of CP as a reason for the prevention ofcartels and corporate responsibility reduction is becoming increasinglyimportant. Thus, the analysis of the United States Sentencing Guidelinesand related cases that affected the Antitrust Division's effective CPevaluation guidelines could give implications for improvements in thecurrent CP incentive system and CP operations as a means of corporateresponse to strong sanctions of international cartels.
KW - Antitrust compliance program;Leniency program;DOJ’s Antitrust Division;International cartels;Effective CP evaluation guidelines;CP incentive systems
DO - 10.31839/DALR.2020.5.87.81
ER -

Bae Jong-Goon. (2020). The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System. DONG-A LAW REVIEW, 87, 81-126.

Bae Jong-Goon. 2020, "The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System", DONG-A LAW REVIEW, no.87, pp.81-126. Available from: doi:10.31839/DALR.2020.5.87.81

Bae Jong-Goon "The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System" DONG-A LAW REVIEW 87 pp.81-126 (2020) : 81.

Bae Jong-Goon. The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System. 2020; 87 : 81-126. Available from: doi:10.31839/DALR.2020.5.87.81

Bae Jong-Goon. "The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System" DONG-A LAW REVIEW no.87(2020) : 81-126.doi: 10.31839/DALR.2020.5.87.81

Bae Jong-Goon. The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System. DONG-A LAW REVIEW, 87, 81-126. doi: 10.31839/DALR.2020.5.87.81

Bae Jong-Goon. The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System. DONG-A LAW REVIEW. 2020; 87 81-126. doi: 10.31839/DALR.2020.5.87.81

Bae Jong-Goon. The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System. 2020; 87 : 81-126. Available from: doi:10.31839/DALR.2020.5.87.81

Bae Jong-Goon. "The significance and implications of the Antitrust Division of the U.S. Justice Department's Improvements to the Compliance Program (CP) Incentive System" DONG-A LAW REVIEW no.87(2020) : 81-126.doi: 10.31839/DALR.2020.5.87.81