FORWORD : UNITED KINGDOM - COMPETITION LAW - REFORM

UK competition regime: All change or more of the same?

The next 12 to 18 months will see a number of significant changes to the UK competition regime, including the merger of the Office of Fair Trading FT and the Competition Commission into one organization and key reforms to the UK’s criminal cartel regime and civil competition procedures. Together with proposed reforms to promote private actions, these changes provide the opportunity to enhance the UK’s position as one of the world’s pre-eminent competition regimes. This article explores the key challenges that will be faced during this time and highlights the areas where future reform will be needed if the UK’s regime is to deliver its full potential.

The UK competition regime is to be reformed again. The Enterprise and Regulatory Reform Bill (ERRB), which is currently before Parliament, will amongst other things, merge the Office of Fair Trading (OFT) and the Competition Commission (CC) to create the Competition and Markets Authority (CMA). The new body will be given additional powers in some areas but will lose responsibilities in others. In addition, whilst legislation has yet to be introduced, the Government has also consulted on changes designed to remove some of the obstacles that currently hinder competition law actions being brought privately in the courts. Over the next 12 months, much ink will be spilled, and many trees felled, by those analysing the likely impact of these changes. Will they lead to more or less public

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • Gibson Dunn (London)

Quotation

Ali Nikpay, UK competition regime: All change or more of the same?, May 2013, Concurrences N° 2-2013, Art. N° 51492, www.concurrences.com

Visites 494

All reviews