UK Proposes Tougher Penalties For Directors

Law360, New York (August 18, 2009, 7:07 PM EDT) -- The U.K.’s Office of Fair Trading is considering new rules that would disqualify company directors who fail to take steps to prevent their firms from breaking competition laws or who should have known about a breach.

Seeking to step up its antitrust enforcement measures, the U.K. regulator on Tuesday proposed changes to competition law cases in which the head of a company could be barred from serving as a director for up to 15 years if a court determined that the director did not try to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.