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Article: Disqualification of Directors for Competition Law Breaches.
- Article from:
- Mondaq Business Briefing
- Article date:
- May 15, 2003
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Section 204 of the Enterprise Act 2002 (the Act) introduces new provisions into the existing Company Directors Disqualification Act 1986 which provides for the disqualification of company directors in certain circumstances. Due to the serious impact which disqualification may have on the future career of a director these provisions are designed to encourage companies to be even more vigilant in ensuring compliance. Section 204 provides that a director of a company may be subject to a Competition Disqualification Order (CDO) if:
a company of which he is a director has committed a breach of competition law (defined as being the Chapter I and II prohibitions under ...