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Politics

Japan can go after foreign cartels, Supreme Court rules

The law applies whenever domestic competition is hindered, the top court says

Japan's Supreme Court in Tokyo.

TOKYO -- Japan's antitrust authorities may punish foreign price cartels if their activities harm free and fair competition back home, the Supreme Court ruled Tuesday, upholding a fine against a Malaysian unit of battery and electronic materials maker Samsung SDI.

This marked the court's first decision approving the application of Japanese antitrust law to cartels abroad. Authorities in Europe and elsewhere have taken a similarly aggressive tack in recent years as corporate activity has grown more globalized.

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