In a decision by the UK Competition Appeal Tribunal (CAT) dated 19 November 2020, the CAT fined Comparethemarket (CTM), a price comparison website a fine of £17.9 million for abuse of dominance in the market for price comparison services. CTM abused its position in the market by imposing wide Most Favoured Nation (wMFN) clauses in agreements with 32 home insurance providers that advertised insurance services to customers on its platform. wMFN clauses also known as retail parity provisions operate as clauses which prohibit a supplier from quoting lower prices on other sales channels or websites, other than on the price comparison website it signed a wMFN clause with. In the context of home insurers as in this instant, wMFN clauses prevent a home insurance provider from pricing lower
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.