Washington, D.C., April 10, 2019 – The Association of Corporate Counsel (ACC), the International Chamber of Commerce (ICC), the Association of in-house competition lawyers (ICLA), and the U.S. Council for International Business (USCIB) welcome the announced approval of the International Competition Network (ICN) Framework for Competition Agency Procedures (CAP), as an encouraging step towards a more sound and fair competition enforcement across the globe.
The CAP highlights and reinforces important due process principles in competition law investigations such as transparency and predictability, confidentiality, conflict of interest, representation by counsel, appropriate notice, privilege, independent review and reasonable time period for investigations. Competition agencies, businesses and consumers around the globe, all stand to gain from reinforcement of these core principles.
The CAP’s endorsement of non-discrimination in antitrust enforcement is key in today’s global marketplace and addresses a pertinent issue at the interface of competition law and trade law.
Our members hope that most, if not all, competition agencies opt into the CAP in the near future. We believe implementation of the CAP principles is key in any sound competition enforcement regime.
“The broad spread of antitrust regimes globally has highlighted the need for due process standards that support sound and predictable competition enforcement,” said USCIB President and CEO Peter M. Robinson. “We hope the CAP will bring the world’s competition agencies together in supporting a robust unified definition of basic fairness principles in competition investigations.”
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.
Jonathan Huneke, USCIB
+1 212.703.5043, email@example.com