Fines Imposed by the OFT Dramatically Slashed by the Competition Appeals TribunalMarch 2011
In a landmark ruling by the Competition Appeals Tribunal (CAT), heavy fines imposed for cover pricing by the Office of Fair Trading (OFT) in 2009, have been significantly reduced. In its judgment, the CAT has cited proportionality among the reasons for its decision to reduce the penalties affecting a number of contractors, many of whom are UK household names.
Simon Delves and Sabrina Ashoor provide further details.
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