The UK Competition Authority fines a price comparison website for using a most favored nation clause (ComparetheMarket)

On 19 November 2020, the UK Competition and Markets Authority ("CMA") announced that it had issued an infringement decision finding that the price comparison website ComparetheMarket infringed Chapter I prohibition of the Competition Act 1998 and Article 101 TFEU as a result of the use of wide most favoured nation ("MFN") clauses in contracts with home insurance providers. The CMA has imposed a penalty of GBP 17.9 million. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS The CMA found that the wide MFN clauses had the appreciable effect of preventing, restricting or distorting competition by: (a) reducing price competition between comparison websites; (b) restricting the ability of ComparetheMarket's rival price comparison websites to expand; and (c) reducing price competition between home

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Authors

  • Ashurst (London)
  • Ashurst (London)

Quotation

Nigel Parr, Steven Vaz, The UK Competition Authority fines a price comparison website for using a most favored nation clause (ComparetheMarket), 19 November 2020, e-Competitions November 2020, Art. N° 98235

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