Competition Law Compliance
Anti-competitive agreements and practices are against the law. Massive penalties can be applied for serious breaches, including fining the perpetrators an amount equal to 10% of their turnover for up to three years and sending those involved to prison for five years. Falling foul of competition law can also leave you vulnerable to substantial claims from third parties for damages and unquantifiable reputational damage. Moreover, anti-competitive agreements contravene public policy and are unenforceable.
Competition law also needs to be considered in the context of mergers, acquisitions and joint ventures. In fact this should be one of the first things you should consider before embarking on such a course of action, because anti-competitive deals can be unwound.
Some organisations and individuals unwittingly stray into problematic areas. At Linder Myers we strongly believe that prevention is better than cure and can provide specialist training and advice so that your organisation knows what it can and can’t do. Often clients are seeking to pursue legitimate and lawful objectives but going about it the wrong way. We have years of experience advising how to pursue commercial objectives in a legitimate manner.
Find out more
For guidance and advice on Corporate & Commercial law, please do not hesitate to contact us on 0800 042 0700 or email