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UK Watchdog Moves To Disqualify Real Estate Cartel Directors

Law360, London (February 27, 2019, 6:35 PM GMT) -- Britain's competition authority on Wednesday said it has moved to disqualify two former directors of real estate companies after an investigation into their role in a scheme to fix minimum commission fees.

The Competition and Markets Authority issued proceedings in England's High Court seeking the disqualification of Michael Martin and Graham Thompson as part of its investigation into an estate agency cartel.

The proceedings against Martin — a former director of Gary Berryman Estate Agents Ltd., The Property Group (2010) Ltd. and Warne Investments Ltd. — arose from the antitrust agency's decision in May last year that the companies along with...

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