The Enterprise Act 2002 created a specific criminal offence of cartel behaviour. Such behaviour includes price fixing, market sharing, limiting supply and/or production, and bid rigging (for example, who should win a contract) at the expense of the interests of consumers.
These offences are treated extremely seriously, and can carry the possibility of a lengthy period of imprisonment on conviction, an unlimited fine or both. As a result, it is vital that any directors or other individuals alleged to be participating in cartel behaviour by the Competition and Markets Authority (CMA) or the Serious Fraud Office (SFO), seek legal advice from a specialist lawyer as soon as possible.
Our team of solicitors and barristers at Reeds have experience in dealing with the kind of lengthy investigations that these allegations tend to result in. We understand the importance of providing you with clear, strategic and commercially-focused advice, whether at the outset of an investigation, or in the course of any subsequent prosecution.
For more information about how we can help, contact any member of the Corporate Crime team in confidence. Alternatively click here and provide us with your details. A member of the team will contact you as soon as possible.
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