SMEs need purchasers’ help on competition law
29 August 2012
Purchasers should ensure their small and medium-sized suppliers (SMEs) are fully aware of what constitutes anti-competitive behaviour, according to the Office of Fair Trading.
Legal experts fear that failing to do so may lead to buyers unwittingly colluding with suppliers that manipulate markets and breaking the law themselves.
The call followed research from the OFT showing only 49 per cent of firms with 10-19 employees are aware of the requirements of the Competition Act 1998. This compares with 80 per cent of business employing...