Antitrust enforcement against price fixing, bid rigging, market allocation, and firms’ other agreements not to compete has been rising around the world. In light of these changing legal risks of falling under the radar of competition authorities, firms have been adapting their business models, corporate governance policies, securities issuance, and even communication with investors. This short talk will cover Prof Alminas Zaldokas’s findings from his research agenda on international firms’ adjustments to the antitrust legal risks.