WebFeb 9, 2024 · Under the Company Directors Disqualification Act 1986 the CMA can seek the disqualification of an individual from being a company director for a period of up to 15 years, where that individual was a director of a company that has breached competition law and their conduct makes them unfit to be involved in the management of a company. WebA company director who illegally agreed prices with a competitor has been disqualified from acting as a director for five years. This is the first time the CMA has used the …

Competition law & director disqualification Gowling WLG

WebNov 12, 2024 · In four of the six legal actions the Commission has taken to date, the Commission has sought director disqualification orders from the Tribunal. The Tribunal’s judgment against Cheung sends warning of a genuine risk that a director may face if his company is found to be in violation of competition law. WebNov 21, 2024 · director liability are aimed at the individuals who caused the company to contravene the relevant competition laws or perpetuated the contravention. 6 Peter Whelan, The Emerging Contribution of Director Disqualification in UK Competition Law, in THE UK COMPETITION REGIME: A TWENTY-YEAR RETROSPECTIVE (B. Rodger, … giratempoweb

Competition regime: competition disqualification orders

WebDec 19, 2024 · We reported earlier this year that the CMA now actively considers competition disqualification orders (CDOs) in every Competition Act case that it investigates, not only in cartel cases. Procedurally, when a company is found to have infringed competition law, the CMA can apply to court for a CDO. Alternatively, the … WebDec 8, 2024 · Summary. Under the Competition Ordinance, the Hong Kong Competition Tribunal (“Tribunal”) may, on application by the Competition Commission (“Commission”), impose a disqualification order prohibiting a person from being a director, liquidator or provisional liquidator of a company, a receiver or manager of a company’s property, or … WebA company director who illegally agreed prices with a competitor has been disqualified from acting as a director for five years. This is the first time the CMA has used the disqualification powers granted to it in 2003, reinforcing the message that individuals, not just companies, can face serious sanctions for competition law breaches and that … girathe