Breaching competition law can have extremely serious consequences.
Fines can be up to 10% of the worldwide turnover of the corporate group and for more serious breaches of competition law, individuals involved can be imprisoned for up to five years, face an unlimited fine, or be disqualified from acting as a director for up to fifteen years.
We recommend that all businesses put in place a competition law compliance programme. The programme can help prevent breaches of competition law and will count as a strong mitigating factor for any penalty imposed for a breach of competition law. What is required for such a programme will differ from business to business, depending on the risks faced by the business and its position in the market in which it operates.
Each programme must contain:
Our competition law team will discuss your competition compliance needs with you and produce a proposed programme which is tailored to the needs of your business. We can then produce the necessary policies and procedures to implement the programme and offer specialist training to your staff.
Previous relevant experience of our competition lawyers includes designing competition compliance programmes for:
- The Go-Ahead Group plc
- Arriva Plc
- Northern Powergrid (owned by Berkshire Hathaway)
- Northgate plc