Competition law compliance: OFT fines Mercedes-Benz and three of its dealers
The OFT has announced fines of £2.6m for Mercedes-Benz and three of its commercial vehicle dealers. The fines relate to infringements of the competition law rules. Full details are not yet available, but the OFT has indicated that Mercedes-Benz and its dealers engaged in market sharing, price co-ordination and exchange of commercially sensitive information.
As a matter of competition law, dealers must operate independently of each other. Any coordination between dealers, whether directly or indirectly through the supplier, risks being condemned as a serious breach of the competition law rules. In this case, the infringements were relatively short (lasting for varying periods between January 2008 and January 2010) and not every party was involved in every aspect of them. Also, the impact of the infringements appears to have been relatively limited, relating only to parts of the North of England, Wales and Scotland. This may explain why, in competition law terms, the OFT’s fines are relatively low…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
The Court of Appeal has found in favour of a business tenant and decided that a periodic tenancy had not been created in the intervening period.
Careful drafting is usually required for restrictive covenants to be enforceable, although Prophet plc v Huggett provides the exception to the rule.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…