The Competition Act 1998 comes fully into force today, 1st March 2000.
This means:
* anti-competitive UK arrangements are prohibited
* abuse of a dominant position in the UK is prohibited
* fines of up to 10% of turnover (and for up to 3 years)
* the OFT has power to use a warrant to enter and search your premises, to ask questions, and to take away papers, computer disks, diaries and other materials
CMS Cameron McKenna's most recent survey, published on 1 December 1999, found that dozens of major companies had taken no positive steps to prepare for the legislation.
How will you survive the new competition regime? You could:
* come to our competition law reforms briefings and seminars (details on our website)
* ask about our Competition Survival Pack.
For further information please contact competition partner Susan Hankey by e-mail on sph@cms-cmck.com or dd. 0207 367 2960
