The most striking aspect of international antitrust during the last several years has been the extraordinary proliferation of new statutes and strengthened enforcement of competition laws throughout the world. Today the great majority of industrialized and emergent economy countries have antitrust legislation both on the books and in actual practice. Formerly communist countries in Eastern Europe and the former Soviet Union have enacted antitrust laws as part of their shift to market-oriented economies. Latin American countries have also recently enacted or strengthened their antitrust laws and enforcement. Similarly, antitrust has mushroomed in the Pacific countries, where Japan has gradually been increasing its enforcement and several other countries have recently enacted or strengthened their antitrust laws, notably Korea and Taiwan. This new legislation complements the existing enforcement in Australia and New Zealand. Finally, the recent enactment of antitrust laws in Mexico and the strengthened enforcement of Canadian antitrust laws (after almost a century of relatively benign enforcement) now mark the 1589 North American continent as a completed bastion of antitrust enforcement.
Barry E. Hawk,
Roger J. Finbow & A. Nigel Parr, U.K. Merger Control: Law and Practice,
18 Fordham Int'l L.J. 1588
Available at: http://ir.lawnet.fordham.edu/ilj/vol18/iss4/16