Counsel of Spenser & Kaufmann Attorneys at Law shares her insight into antitrust compliance with law school students
What is the antitrust compliance, what common components does the compliance program have, what are the advantages of abiding by the program, how can an algorithm of action for developing and implementing the antitrust compliance program be implemented –
these and other questions were addressed before the students of the IV All-Ukrainian Antitrust Law School of the Students League of the Ukrainian Bar Association that was held in Kyiv on October 8 by Tatiana Kharebava, Counsel at Spenser & Kauffmann, Attorneys at Law.
She specifically focused on the development history of the compliance and global antitrust compliance programs existing in the modern world at three levels:
Governmental (intergovernmental) authorities issue advisory explanations (in particular, in respect of penalties), information materials, laws and regulations (Publication “Compliance matters” (EU) Corporate Compliance Programs (Canada) Standard on Compliance Programs (Australia).
International business organizations adopt model forms of compliance documents, collections of best practices, algorithms for introduction and implementation of programs (ICC Antitrust Compliance Toolkit; Antitrust compliance guidelines by World Steel Association, etc. ICC Antitrust Compliance Toolkit; Antitrust compliance guidelines by World Steel Association).
International corporations develop and implement Codes of Conduct, Rules for Doing Business, internal regulations binding upon all branches (subsidiaries) and employees of companies (Microsoft’s Compliance Program; Code of business conduct of Nestlé Global; Shell Code of Conduct ).
“It was very important to make students interested in this theme. This is because, despite the antitrust compliance being highly demanded and popular in the world, it is quite a new and non-traditional institution for the Ukrainian legal system. Only progressive lawyers of the new generation are capable of putting the antitrust compliance into life to the full extent and making it effectively work within the national legal system,” commented T. Kharebava speaking about the necessity for the students to learn the subject.