OFT investigates property sales and lettings and their advertising

By Alexandra Brown

The Office of Fair Trading (OFT) has announced it is conducting a formal investigation into suspected anti-competitive agreements and/or practices involving businesses in the property sales and lettings sector.

Its concerns relate to the advertising of fee rates in media entities and the businesses’ approach to each other’s customers.

The investigation is under Chapter I of the Competition Act 1998. The Chapter I prohibition forbids agreements between businesses that prevent, restrict or distort competition to an appreciable extent in the UK…

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. 

Briefings from Shoosmiths

View more briefings from Shoosmiths

Analysis from The Lawyer

  • Hester: declined bonus worth almost £1m

    Pay checks

    Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future

  • high street 150

    Focus: Alternative business structures - Law and new order

    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…

Overview

2 Colmore Square
38 Colmore Circus Queensway
Birmingham
B4 6BJ
UK
http://www.shoosmiths.co.uk

Turnover (£m): 87.00
No. of Lawyers: 373