WELCOME TO CHARLES RUSSELL SPEECHLYS.
We would like to place strictly necessary cookies and performance cookies on your computer to improve our website service.
Otherwise, we'll assume you are OK to continue. Please close this message
Nigel Snee, the former Managing Director of Franklin Hodge Industries, has been sentenced to six months imprisonment, suspended for 12 months, and ordered to do 120 hours community service within 12 months for committing the criminal cartel offence. Mr Snee had previously pleaded guilty to dishonestly agreeing with others to fix prices, divide up customers and rig bids between 2005 and 2012 in respect of the supply in the UK of galvanised steel tanks for water storage. Click here.
The CMA has closed its investigation into suspected breaches of competition law in the hotel online booking sector. The investigation was launched by the OFT and focused on discounting restrictions in agreements between InterContinental Hotels Group and Hotel Inter-Continental London Limited (IHG) and each of Booking.com and Expedia. The OFT issued a provisional decision in July 2012 and accepted formal commitments from IHG, Booking.com and Expedia in January 2014.
The Competition Appeal Tribunal remitted the case back to the CMA for reconsideration in September 2014 following an appeal in respect of the commitments decision by Skyscanner. Having reconsidered the matter in the light of the CAT’s judgment, the CMA has decided to close the investigation on administrative priority grounds, but will monitor how the market develops both in the UK and across Europe. Click here.
The CMA has announced that Reed Elsevier’s acquisition of Jordans will be referred for an in-depth phase 2 investigation unless acceptable undertakings are offered. The CMA’s concerns focus on the supply of legal information in the family law practice area to the legal sector, where the companies were found by the CMA to be close competitors for publications and resources within the specific segments of children law, matrimonial property law and family court reports. Click here.
The CMA has published for consultation a draft order which would prohibit GB cement suppliers from sending generic price announcement letters to their customers. This is one of the remedies imposed as a result of the Competition Commission’s final market investigation report into aggregates, cement and ready-mix concrete. Click here.
The CMA has launched a phase 1 merger investigation following the European Commission’s decision to refer the anticipated acquisition by Celesio AG of Sainsbury’s Supermarkets Limited UK Pharmacy Business to the United Kingdom under Article 4(4) of the EU Merger Regulation. The CMA has also issued a notice of extension pending receipt of further information from the parties. Click here.
For more information please contact Paul Stone on +44 (0)20 7203 5110 or at firstname.lastname@example.org