The UK Competition and Markets Authority issues its first fine on a company for concealing relevant evidence during a dawn raid (Fender Europe)

In March 2019, the UK Competition and Markets Authority ("CMA") issued its first fine on a company for concealing relevant evidence during a dawn raid, fining Fender Musical Instruments Europe Limited £25,000. This is the latest example of the trend among competition authorities to hold companies accountable for dawn raid procedural violations, as

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