1、MARCH 2025Global antitrust enforcement report Foreword03Global snapshot04 Immunity/leniency activity21 Cartel enforcement06 Dawn raids 23 Vertical and non-cartel enforcement11 Digital markets26 Sustainability29 Regional snapshots39 Private damages31 Abuse of dominance enforcement15ContentsLabor mark

2、ets24 Our global antitrust practice45 2Global antitrust enforcement report|March 2025Foreword2024 saw a significant increase in overall global fines for antitrust enforcement,with total penalties for the jurisdictions surveyed in our report at USD6.7 billion,over double that of 2023(USD2.9bn)and sub

3、stantially higher than 2022(USD3.5bn).Notably,this increase was largely due to a marked uptick in abuse of dominance fines(USD4.3bn in total),with the bulk of these coming from European Commission(EC)decisions(USD3.4bn).However,while vertical(and other non-cartel)conduct fines were also up year-on-y

4、ear(USD1.8bn,up from USD195 million in 2023),fines for cartel enforcement saw a marked decrease (USD602.5m,compared to USD1.9bn in 2023),reflecting a continued downward trend.Although we always caution against drawing significant inferences from year-on-year changes,the impact of the wider scrutiny

5、of digital markets on this years dataset is impossible to miss.Fines on Big Tech alone amounted to approximately USD3bn,nearly 50%of the overall fine total.Contrary to initial expectations,the introduction of sweeping ex ante enforcement regimes in the digital sector has not dissuaded regulators fro

6、m continuing to enforce against digital firms using their traditional antitrust armoryin fact,quite the opposite.Abuse of dominance cases against Big Tech in 2024 bucked a trend of recent decline,with the EC leading the charge in reaching several significant decisions notwithstanding the entry into