Canada Gets Tough on Foreign Corruption
Amendments to Canada’s Corruption of Foreign Public Officials Act (CFPOA) that came into force last week toughen penalties for foreign corruption.
The CPFOA makes it a crime in Canada to bribe foreign officials. Canadian companies operating abroad, particularly in emerging markets, need to be aware of the CFPOA. Key amendments include the introduction of nationality jurisdiction to the CFPOA, a new books and records offence, and increased sentences. [more]
No pot of gold at the end of the Rainbow
A decision by joint operators of an oil field to use a single fluid hauler was not an unlawful conspiracy, the Alberta Court of Appeal held recently, overturning a 2011 decision that awarded over $5.5 million to the loser of a competitive bidding process: 321665 Alberta Ltd. v. Husky Oil Operations Ltd., 2013 ABCA 221. [more]
Gas price fixers convicted after trial
Canada’s Competition Law
Canada’s Competition Act applies to all businesses and business activities in Canada. All companies doing business in Canada need to be aware of the Act, as penalties for breach of its provisions can be quite severe. For example, the maximum penalty for price fixing is a fine of up to $25 million and 14 years in jail. The Competition Act applies to three main areas of business conduct that can harm competition: coordinated conduct among competitors, abuse of dominance, and mergers. The Act also includes misleading advertising provisions. [more]
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