Absence Of 2007 U.K. Fines Reflects Past Slump

Law360, New York (January 23, 2008, 12:00 AM EST) -- For the first time since it took charge eight years ago, the United Kingdom's competition watchdog did not impose any fines in 2007, but record-breaking penalties are expected to be doled out later this year.

The absence of fines in the U.K. this year stands in sharp contrast to the hefty penalties levied by the European Commission, which in 2007 totaled €3.5 billion ($5.1 billion), according to the British law firm Berwin Leighton Paisner.

More than casting light on the level of work in the U.K....
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