OFT publishes guidance to help company directors understand their responsibilities under competition law
On 27 June 2011, the OFT published guidance on how it will assess the extent of an individual director’s responsibility for infringements of competition law. Where a company has breached competition law, the OFT can apply to court seeking a competition disqualification order against an individual director which may be granted if the court considers that the person’s conduct as a director makes him or her unfit to be concerned in the management of a company. The maximum period of disqualification is 15 years. Yesterday’s publication provides high-level guidance on the standards the OFT expects of all directors.
Click here to read our full summary of the OFT guidance
Find out more at a Linklaters' webinar or breakfast seminar: we will discuss in more detail how the OFT guidance will impact your organisation and its employees.
Join us for a webinar at 12 noon next Thursday 7 July 2011.
Email us using the links below to register your interest and we will be in touch with more details shortly.
Webinar: 12 noon on Thursday 7 July 2011
Global Head of Competition/Antitrust
(+44) 20 7456 3514
Sir Christopher Bellamy
Chairman of Competition/Antitrust
(+44) 20 7456 3457
Head of Competition/Antitrust London
(+44) 20 7456 3506
(+44) 20 7456 4382