Businesses can no longer assume that competition law is something which only affects multi-nationals. Failure to comply with competition law can, amongst other things, lead to the imposition of substantial fines and make contractual agreements ineffective.
The provisions of the Enterprise Act 2002 came into effect in 2003 and with it the possibility of fines and even imprisonment for directors and others engaged in cartels. It is therefore essential that the law is complied with.
Competition law should not just be seen as a threat but as an opportunity to help deal with unfair competition. Contact us if you think we might be able to help. |
