CMA publishes
remedies breach guidance
The Competition
and Markets Authority warns that companies should report breaches of
commitments in merger and competition cases “as soon as reasonably possible”.
It warns that
companies should not seek to remedy violations without first approaching the
authority.
The CMA has
published guidance setting out the procedures to follow in such cases and how the CMA will investigate breaches.
The CMA can
seek a Court order requiring compliance with a commitment. The Court may also impose fines and
individuals face prison sentences for up to two years for failing to comply.
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