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....
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.