The UK Competition Authority initiates criminal proceedings against cartel members for the first time in its history following unprecedented levels of co-operation with US authorities (Marine Hoses Cartel)

On 19 December 2007, the British Office of Fair Trading (“OFT”) announced that an oil industry executive trio was charged with cartel offences under the Enterprise Act 2002 (the“Act”). This is a historic move for the OFT as it uses its powers under the Act for the first time since the Act came into force in 2003. The importance of this case is two fold though, as it is also the result of unprecedented co-operation between UK, US and other competition authorities around the world. Background On May 2007, eight foreign executives, including three U.K. citizens, were arrested in Houston and San Francisco and charged for their roles in the marine hose cartel, following their participation in a cartel meeting in Houston. More specifically, they were charged for conspiring to suppress and

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  • Womble Bond Dickinson (Washington)

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Maria Kamnaki, The UK Competition Authority initiates criminal proceedings against cartel members for the first time in its history following unprecedented levels of co-operation with US authorities (Marine Hoses Cartel), 19 December 2007, e-Competitions December 2007, Art. N° 15375

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