 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS OFT guidance to improve competition law compliance  Businesses engaging a mergers and acquisitions solicitor service are set to benefit from new guidance on competition law compliance. The Office of fair Trading (OFT) has published two new documents that will ensure firms are better able to navigate the regulatory landscape. It follows a survey revealing that one in four British companies claim they know "a lot" or "a fair amount" about competition rules. Although this is up on previous numbers, the OFT stressed there is a long way to go, particularly for smaller enterprises. The first document, How Your Business Can Achieve Compliance, sets out the OFT's recommended risk-based, four-step approach to creating a culture of competition law compliance. Company Directors and Competition Law, meanwhile, outlines the responsibilities of company directors. John Fingleton, OFT chief executive, commented: "The guidance documents published today are intended to support businesses and company directors by providing practical guidance on the steps they can take in order to comply with competition law." It comes after the OFT advised the Competition Commission that the Domestic Electrical Goods Order and associated undertakings, which cover everyday goods such as televisions and washing machines, can be removed. This order had been brought in to improve competition by preventing suppliers from recommending resale prices or otherwise influencing how much items were sold for. Posted by Alex McLean 
Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |