Counting the cost of breaking competition law: The OFT increases penalties
The Office of Fair Trading (OFT) is increasing the stakes for breaching competition law with harsher penalties. Under the new guidelines, the starting point for calculating fines has increased from 10 per cent to 30 per cent of company turnover in the relevant market.
The method for calculating fines for serious infringements – such as cartels and abuse of a dominant position – has been overhauled to reflect the duration and the severity of the breach, in a further effort to deter infringement.
As a nod to the difficulties faced by companies in these times of financial hardship, the new guidelines do also provide a little more flexibility to take into account inability to pay…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
Click on the link above to download briefing.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
The new draft Community Infrastructure Levy (Amendment) Regulations 2014 were laid before Parliament on 20 January 2014.
The government announced on 3 September that it had introduced orders to make the appeal process faster ‘while ensuring the process remains fair’.
Analysis from The Lawyer
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...