The UK Competition Authority issues revised guidance on how businesses can achieve compliance with competition law

On 27 June 2011, the OFT published guidance on how it will assess the extent of an individual director’s responsibility for infringements of competition law. Where a company has breached competition law, the OFT can apply to court seeking a competition disqualification order (“CDO”) against an individual director which may be granted if the court considers that the person’s conduct as a director makes him or her unfit to be concerned in the management of a company. The maximum period of disqualification is 15 years. As well as seeking CDOs against directors directly involved in breaches of competition law, the OFT has previously stated that it will pursue directors who had reasonable grounds to suspect a breach but took no steps to prevent it, and even directors who, though unaware of

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Authors

  • Monckton Chambers (London)
  • Linklaters (London)
  • UK Competition Appeal Tribunal (London)
  • Linklaters (London)

Quotation

Christopher Bellamy QC, Nicole Kar, Michael Cutting, Eamonn Doran, The UK Competition Authority issues revised guidance on how businesses can achieve compliance with competition law, 27 June 2011, e-Competitions June 2011, Art. N° 40993

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