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Legal News

: International and UK Law

Lawyers: the OFT flexes its muscles, but will it work?

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The OFT’s plans to offer up to £100,000 for information leading to the break-up of cartels is an aggressive move from a regulator on a bit of a roll. Recent successes including the £121.5 million fine against British Airways for price-fixing on fuel surcharges with Virgin Atlantic (which was given immunity), fines totalling £120 million in the supermarkets price-fixing probe and the arrest of three British executives involved in a marine hoses cartel have given the OFT a new wave of confidence.

Full post as published by International and UK Law on February 29, 2008 (boomark / email).

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