Fines Imposed by the OFT Dramatically Slashed by the Competition Appeals Tribunal

March 2011

and Sabrina Ashoor

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.