The Office of Fair Trading (OFT) has been conducting, over the last two years, the biggest UK cartel investigation ever. The investigation relates to bid rigging practices in the UK construction industry. More than 50 companies have been raided, and 37 have applied for leniency. Recently, in order to fast track its investigation, the OFT sent a letter to suspected companies, to inform them that no further applications for leniency would be accepted in view of the evidence. The OFT offered reduced penalties in exchange of admissions and commitments (OFT, March 22nd, 2007, Press release n° 49/07, OFT makes ‘fast track' offer in biggest ever UK cartel investigation). In this context, the decision of the Competition Appeal Tribunal (CAT) in Makers UK Limited v. Office of Fair Trading is
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The UK Competition Appeal Tribunal upholds a finding of bid rigging and declines to modify an allegedly unfair penalty in the biggest British cartel investigation ever (Makers UK)
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