Competition Law

The Office of Fair Trading (OFT) has recently published a series of ‘quick’ guides to competition law in the UK.

There are five guides altogether aimed mainly at small and medium-sized businesses. The first guide ‘Competing fairly’ summarises the rules on anti-competitive behaviour and gives an overview of the other guides in the series.

The Press Release announcing the guides reminds businesses that the OFT has a wide range of powers where it suspects them of breaching the law. This includes the possibility of a fine of up to 10% of the business turnover!