OFT To Slash Competition Case Workload

Law360, New York (October 12, 2006, 12:00 AM EDT) -- The United Kingdom’s Office of Fair Trading is planning to drop a series of pending investigations in order to free up more time to focus on high-profile violations of competition regulations.

With too much on its plate, the competition watchdog said Thursday it will cut down its caseload from 25 cases currently under investigation to between 15 and 20 cases. The OFT declined to mention the cases it intends to drop.

The OFT plans to use a prioritizing process for potential competition cases to determine whether...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.