Effective regulations are essential to promote free and fair competition that can maximize the benefits that business can contribute to economies and societies around the world.
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Business has a key role to play in developing inclusive and prosperous economies through job creation and contributions towards global public goods through investments, innovation, and taxation.
Leaders are faced with the dual challenge of becoming drivers for change and delivering on shareholder expectations at the same time. This creates further complexity in the legal and compliance requirements for enterprises of all sizes to function while ensuring that high ethical standards are upheld throughout its operations and promoting a level playing field. Clarity and predictability are crucial in striking the right balance between promoting positive behavior and principles of fairness, without hampering companies’ competitiveness.
ICC builds understanding between business and regulatory agencies, particularly in relation to antitrust compliance, taxation policy to ensure inclusive trade and investment across frontiers that can help businesses of all sizes meet the demands and create opportunities of exposure to international markets.
Effective enforcement and compliance with the law has become particularly important in the field of antitrust—or competition—law, and its widespread use worldwide coupled with the constantly evolving landscape have been unprecedented creating increasing challenges to business, especially SMEs. It remains key to ensuring that companies compete with each other on a level playing field, minimizing market distortions so that goods and services are delivered to buyers at a fair price.
The risks of non-compliance, deliberate or not, are significant. Sanctions for antitrust violations are often substantial and reputational damage to companies as a result of an adverse antitrust finding is massive. While the penalties for non-compliance can be very significant, a company’s reputation can be seriously damaged by the negative publicity drawn by a decision that it has violated the law.
ICC works to close these gaps by producing practical tools on competition law—in particular in antitrust compliance for companies of all sizes and across sectors, as well as collecting best practices around the world to deepen dialogue with public and private stakeholders.
In response to changes in the international antitrust regulatory environment, our Compendium of Antitrust Damages Actions aims to provide guidance on antitrust litigation practices in an array of key jurisdictions and to raise awareness on the trends that are evolving across borders.
More concise and user-friendly, the ICC Antitrust Compliance Toolkit has been updated to reflect the evolving landscape of antitrust risks and compliance practices over the last decade. The toolkit offers practical tools and guidance to build a credible corporate antitrust compliance programme.
Designed by business for smaller businesses, this International Chamber of Commerce (ICC) guide on competition law compliance aims to ensure that small and medium-sized enterprises (SMEs) and their employees understand why complying with competition law makes good business sense.
This is the third release of the ICC Task Force on Cartels and Leniency and the sixth publication "designed by business for business" of the ICC Commission on Competition. Intended as a living document, the Manual aims to demystify the leniency application process and assist business with filing local or multi-jurisdictional applications.
