The Competition and Markets Authority has published a blog on
cartels in construction.
The blog comes as a reminder to the construction sector of the
importance of competition law compliance.
It also sends a sharp message to directors of construction firms to lead
by example and be aware of how the company is complying with its competition
law obligations.
The competition law scrutiny of the construction sector is well
documented. The CMA has imposed competition
law penalties of £67 million in the last five years in cases involving concrete
drainage, groundworks, office fit-out services, galvanised steel tanks and
roofing materials. The CMA has also
secured disqualification of 11 directors for their involvement in competition law
breaches. In the concrete drainage cases,
two directors were disqualified for 11 and 12 years being the longest periods
that the CMA has secured for disqualification up to now. The company received fines of over £25 million.
The sector has been plagued by competition law problems in the
past. The CMA hopes that by engaging
directly with businesses to remind them of their obligations will bring the
message home.
No comments:
Post a Comment