After Court Setbacks, UK Turns Up Heat In Antitrust Fight

Law360, New York (September 10, 2012, 8:32 PM EDT) -- The U.K.'s Office of Fair Trading released new penalty guidelines Monday that triple the maximum percentage of revenues the antitrust enforcer can use to calculate base fines, giving the watchdog a powerful new tool to wield after recent court setbacks.

Some of the biggest changes include raising the starting point for the penalties the OFT can levy and making senior management's involvement in an alleged plot a factor that could hike fines. Under the new guidelines, OFT penalties against offenders begin at 30 percent of “relevant...
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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.