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parliment flags

On 22 October 2015, the Competition and Markets Authority (“CMA”) published the provisional findings of its 18 month investigation into the UK’s £16 billion small and medium-sized enterprise (“SME”) and personal current account (“PCA”) sectors, and opined that UK banks are not being put under sufficient competitive pressure to adequately protect the interests of customers and innovate in the market. The banking sector is largely dominated by four main players which make up 85% of the SME banking market and –Read More–

On 15 October 2015, the Competition and Markets Authority (“CMA“) wrote an open letter to UK Head teachers, governing boards and school uniform suppliers, warning them that they may be in breach of Competition Law if their school uniform supply arrangements are found to be anti-competitive in nature. Chapter I of the Competition Act 1998 (“CA“) prohibits agreements which may affect trade within the UK and which have as their object or effect the prevention, restriction or distortion of competition –Read More–

On Tuesday 6 October, the European Court of Justice (“ECJ”) decided that the EU / US Safe Harbor regime for data transfer is no longer safe. Background on the EU-US Safe Harbor The EU Data Protection Directive 95/46/EC (the “Directive”) states that personal data may only be transferred to countries outside the EU when an adequate level of protection is guaranteed. Because the laws of the United States are not considered by the European Union to provide an adequate level –Read More–

The Consumer Rights Act 2015 which came into force on 1st October 2015, introduced provisions which constituted a major new landmark in private competition law enforcement in the UK. Aside from a myriad of changes to consumer law, of particular importance is the introduction of US style class/collective actions for competition law claims. Section 81 and Schedule 8 of the Act are set to broaden the procedural options available to claimants bringing collective actions in the Competition Appeal Tribunal (CAT) –Read More–