Shoosmiths

UK Top 200 position: 39

Categories:Competition/EU,UK

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.

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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

7th Floor
125 Colmore Row
Birmingham
B3 3SH
UK
http://www.shoosmiths.co.uk

Turnover (£m): 84
PEP (£k): 295
EPP (£k): 177
Total lawyers: 324
Total partners: 108