The Competition Act 1998, 2006 Update (Hawksmere Report)

The Competition Act and Enterprise Act bring with them special powers which mean that those who break the law may receive substantial fines and/or lengthy prison sentences. The Office of Fair Trading has also been given wider powers to conduct dawn raids on premises suspected of breaching the law. This invaluable updated new report gives a concise but comprehensive guide to ensure businesses achieve compliance not only with EU competition law but also the Competition Act. It provides checklists and key points for business people and lawyers to illustrate how to stay within the complex EU and UK rules. Fines of 10% of turnover can be levied for breach of these rules. This special briefing ensures all businesses know how they must draft their commercial agreements and conduct their business relationships to ensure they avoid such fines. The updated 2007 Edition includes a full case update, information on leniency and compliance programmes and a section on risks of extradition to the US for breach of the competition rules in the light of recent case law.