Simpson Thacher & Bartlett LLP

Simpson Thacher was founded in 1884. Since that time, a diverse range of clients have turned to us for advice on their most complex and challenging legal matters, and we have built a worldwide presence with 11 offices and more than 1,000 lawyers. While our heritage dates to the 19th century, our values have remained consistent throughout: collegiality, respect, creativity, collaboration—and, always, our clients come first.

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The Cartels and Leniency Review

Edition 9

Cartels are a surprisingly persistent feature of economic life. The temptation to rig the game in one’s favour is constant, particularly when demand conditions are weak and the product in question is an undifferentiated commodity. Corporate compliance programmes are useful but inherently limited, as managers may come to see their personal interests as divergent from those of the corporation.

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