Hong Kong’s Competition Commission first introduced its leniency programme in 2015, which allows cartel members to blow the whistle in exchange for immunity from antitrust fines. In late 2020, the Competition Tribunal handed down a judgment in Competition Commission v Quantr Ltd and Cheung Man...

In modern economies, when debt and trust issues arise, a partial forgiveness policy is often the solution to induce payment and increase disclosure. For their part, governments around the globe continue to use tax amnesties as a strategy to allow debtors to make amends for past misdeeds in...

"Varias causas explican la tremenda corrupción de la vida política que padece México. Una son los gremios medievales que ocupan la presidencia: los presidentes generales, los licenciados en derecho, los posgraduados en las universidades de los EE.UU., cuyo principio es el libertinaje...

Leniency programmes are a powerful detection tool for competition authorities. Over the period 2015-2021, the number of leniency applications in OECD jurisdictions dropped by 58% and the same trend can be observed across most regions. This Note explores whether and to what extent the drop in...

We examine empirically the impact of ex ante competitive threats from potential foreign rivals on bad news hoarding/disclosure decisions. We find that stronger antitrust enforcement around the world causes domestic U.S. firms to exhibit lower levels of stock price crash risk. This is consistent...