Construction cartels – don’t get caught out

Emma Ward - Featured Image

If you’ve accidentally fallen foul of anti-competition law, come clean to avoid or minimise the fines

With the Competition and Markets Authority (CMA) having recently handed down fines totalling more than £9m on two of the UK’s largest suppliers of rolled lead for breaking competition law, it is vital businesses that have been involved in anti-competitive practices come clean if they want to minimise the inevitable fines they will face.

After handing down the £1.5m and £8m penalties to Associated Leads Mills Ltd and H.J Enthoven Ltd (trading as BLM British Lead) respectively, the CMA’s executive director of enforcement, Michael Grenfell, said the construction industry was firmly under its spotlight.

According to research commissioned by the CMA in 2018, 77% of UK businesses admitted to not understanding competition law, with 79% of respondents stating they regularly meet with rivals in social situations – putting themselves at risk of crossing the line without realising it.

Read more >>>

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community