Caught in the act
13 September 2012
The new Competition Act, which came into force last week, is ushering in some radical changes to UK commercial law. Ian Longdin examines its likely impact
Considering that it will have such a fundamental effect on the way business operates, ignorance of the Competition Act 1998 is surprisingly widespread. Its provisions, which took effect on 1 March, are significant for a large number of organisations in the purchasing field, yet awareness remains low. In a survey of small and medium-sized businesses last year, more...