Punishing the bullies
13 September 2012
Legal column
Operating a cartel is a criminal offence, which could carry a five-year prison sentence. But are companies taking the threat seriously enough?
Cartel activity has been a criminal offence since the introduction of the Enterprise Act 2002, which brought widespread changes to competition regulation in the UK. The punishment for operating cartels is a maximum five year prison sentence and/or a fine.
A cartel – a group of companies which have entered into an agreement to fix their prices or to share the...