M2 PRESSWIRE-1 December 2006-UK Government: OFT consultation on leniency in cartel cases(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:30112006
The OFT has issued for consultation, final guidance on how it will give lenient treatment to companies and individuals who confess to cartel conduct. This guidance, which can be from the OFT website - http://www.oft.gov.uk - updates an interim note on the subject published by the OFT in 2005.
Under the Competition Act 1998 and the EC Treaty, companies engaging in cartel conduct face financial penalties of up to 10 per cent of their worldwide turnover. Since the introduction of the Enterprise Act 2002, in June …
