The Coronavirus Disease 2019 (COVID-19) pandemic has significantly distressed the global market today. Companies suffer from interrupted supply chains and income losses as a result of paralyzed business operations. Practitioners think that this consequential business disruption may lead companies to collaborate with competitors in the hopes of keeping them afloat amidst the troubled economy. However, this move can also potentially violate the competition law.
The Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC) recently released guidance on certain types of coordinated activities permissible by antitrust laws and warned businesses about price-fixing arrangements, market allocations, and other unlawful collaborations. The antitrust agencies have stressed that antitrust enforcement remains a priority. States are also closely monitoring companies’ pricing activities with particular focus on price gouging which involves illegally increasing prices beyond competitive levels during an emergency. Thus, businesses need to be abreast of any emerging regulatory development and must ensure efficient, flexible, and compliant business practices to be able to quickly adapt to regulatory changes and avoid legal liability.
Join antitrust experts Jeffrey Klenk (Berkeley Research Group, LLC) and Allison Smith (Wilson Sonsini Goodrich & Rosati) as they provide an in-depth discussion of the evolving landscape of antitrust law amidst the COVID-19 pandemic. Speakers will also present significant issues and challenges faced by businesses and offer best compliance practices to avoid pitfalls in this changing regulatory climate.
This LIVE Webcast will discuss the following:
- Antitrust Developments Amidst Covid-19 Pandemic
- Covid-19 Implications on Competition Law
- Recent Enforcement Actions
- Critical Issues and Compliance Challenges
- Best Compliance Practices
- What Lies Ahead