In the wake of yesterday’s £2.2m fine for Foster Refrigerator by the CMA, the legal industry has been reacting to the ruling on price fixing.
The ITW division admitted breaking competition law by restricting dealers from offering online discounts and was tasked with paying £2,298,820.
Competition law specialist Caroline Janssens of Pinsent Masons, said: “This case emphasises the importance for businesses to invest time and resources in promoting an understanding of competition law among their employees.
“One way of doing this is to devise and actively implement a robust and tailored competition compliance policy.
“Not only a compliance policy that minimises the risk of breach in the first place, but if the company is investigated for anti-competitive behaviour, evidence of a compliance policy may be taken into account by the CMA and can lead to a reduction in fine.”
For the full story, head over to our sister publication, Foodservice Equipment Journal’s website HERE.