Clifford Chance
OFT penalties: new guidance provides some clarification
9 November 2012
On 10 September 2012, the Office of Fair Trading published new guidance on the manner in which it will set penalties for breaches of competition law. The guidance sets out a procedure consisting of six steps where the starting point is based on the company’s relevant turnover, followed by a number of adjustments. While providing some clarity, the way in which fines will be calculated may still be open to challenge. In this article Alex Nourry, Chris Worrall and Chandralekha Ghosh review the new guidance.
This article was first published in the October 2012 issue of PLC Magazine (http://plc.practicallaw.com/).
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OFT penalties: new guidance provides some clarification
