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Our global panel discussed how authorities are stepping up antitrust enforcement, the challenges of managing cross-border investigations, and what effective compliance looks like in 2025.

Authorities are increasingly proactive and coordinated, using AI and data scraping to detect infringements such as bid rigging, price signalling, parallel pricing, and suspicious labour market practices. Traditional triggers such as leniency and customer / supplier complaints remain, but use of tech-enabled tools as well as increased reliance on whistleblowers and shared intelligence mean even once isolated incidents can spark multi-jurisdictional investigations.

Companies face practical challenges responding to simultaneous dawn raids, including managing data privacy conflicts, preserving communications on auto-deleting apps, and handling inspections of homes or personal devices. Strategic decisions – such as whether to pursue leniency or adopt a defensive approach – must now be made rapidly and with a global lens.

Regulators also expect companies to prove their compliance programs work in practice. It’s no longer enough to have policies on paper; authorities want to see dynamic, embedded systems with middle-management buy-in, behavioural metrics, and robust internal reporting and discipline.

Our speakers emphasised that in this environment, companies need holistic, tech-enabled compliance frameworks capable of identifying, responding to and preventing risks across the business.

You can access the webinar recording here.

Author

Mara Ghiorghies is a partner in Baker McKenzie's Antitrust & Competition Practice in London and a co-lead of Baker McKenzie's Global Cartels Task Force. Mara is a competition & antitrust law professional advising global corporates on EU and UK antitrust compliance, investigations, enforcement and merger control/foreign investment reviews. She advises numerous clients across a number of sectors on global regulatory reviews of cross-border competitor collaborations, supply chain and distribution networks, and corporate transactions. She is mentioned in Legal 500 as being very responsive, proactive, and fully cognisant of the realities of her clients' businesses.

Author

Paloma is a partner in the Madrid office. She has over two decades’ experience gained both in‐house in the Corporate Affairs and Regulatory department of a mobile operator in Spain and in private practice at a Spanish Competition boutique law firm. Paloma has been recommended as a leading professional by various legal directories, including Chambers Europe, Legal 500 and Who's Who Legal Iberia. According to Chambers & Partners, clients appreciate that Paloma is "dedicated, hardworking, and pays a lot of attention to detail" (Europe Guide, 2018).

Author

Jeff Martino brings an in-depth understanding of a wide variety of white collar and fraud related matters to his antitrust litigation and investigations practice. Jeff is co-lead of the Firm's Global Cartel Task Force and represents multinational corporations and their boards and executives in high-stakes criminal and civil investigations by the US Department of Justice (DOJ) and other federal and state agencies. Jeff draws upon his extensive criminal investigations, litigation, and enforcement experience to advise clients through sensitive matters pertaining to international cartel actions and white collar investigations. Prior to joining Baker McKenzie, Jeff spent nearly two decades at the DOJ and his last five years as Chief of DOJ Antitrust Division's New York Office. He has extensive experience as "first chair" on trials and investigations in the most complex areas of criminal antitrust and market manipulation. Jeff's work at the DOJ included providing technical assistance to competition agencies in Asia, Africa, the Americas and Europe and overseeing matters that included international corruption and antitrust cartel offenses that entangled the largest global banks and their key executives.

Author

Carolina Pardo joined Baker McKenzie in 1994 and is a Partner of the Firm since 2008. She is currently a member of the Global Steering Committee for the Firm’s Cybersecurity and Privacy group and of the Global Steering Committee for the Firm’s Investigation, Compliance and Ethics Group. She was a member of the Global Steering Committee for the Firm’s Global Antitrust and Competition from 2016 and until 2020 and is currently a member of the Latam's Antitrust Steering Committee.
She graduated as a lawyer and a specialist in International Contracts Law from Universidad de Los Andes in Bogotá. She obtained a LL.M. with emphasis in International Private Law and Competition Law from the London School of Economics and Political Science.
In 2016 and 2025 Global Competition Review selected her as one of the 100 most influential women in antitrust. The last two Superintendents of Industry and Commerce have selected Carolina as a Non-Governmental Advisor to the Colombian Antitrust Regulator. Legal 500 also awarded her a recognition in 2025 as lawyer of the year in compliance and investigations in Colombia.

Author

Dr. Anika Schürmann co-heads Baker McKenzie's German Investigations, Compliance & Ethics Practice. She is a bar-certified professional in criminal law (Fachanwältin für Strafrecht) and has extensive experience in advising clients in all kinds of business crime matters, with a particular focus on complex investigations and proceedings. Anika is also a regional chair of the prestigious German Association of Antitrust Lawyers and co-heads Baker McKenzie's German Consumer Goods & Retail Industry Group.
Anika frequently publishes on business crime topics and is a lecturer at the Westphalian University for Applied Science. Her capability has repeatedly been recognized by The Legal 500 ("Next Generation Partner"), Juve ("frequently recommended") and the renowned German business magazines Handelsblatt (Best-Lawyers-Ranking) and WirtschaftsWoche.
Prior to joining Baker McKenzie in 2013, Anika was a member of Freshfields Bruckhaus Deringer’s antitrust team in Brussels (2007-2011), and practiced at Wessing & Partner, a leading German law firm for high-profile white-collar crime matters (2012-2013).