UK Watchdog Won't Prosecute Borderline Antitrust Cases

Law360, New York (March 12, 2014, 4:16 PM EDT) -- The U.K.'s new competition watchdog vowed Wednesday to prosecute individuals only when it has a realistic chance of winning a conviction, saying that individuals may avoid prosecution for borderline antitrust offenses even if their conduct contributes to a civil case against their employer.

The new Competition and Markets Authority issued guidelines explaining how it planned to use its expanded criminal authority as part of a broader package of guidance the agency put out as it gears up to take over antitrust enforcement in the U.K. beginning...
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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.