beale & co – BIDDING FAREWELL TO THE BOARDROOM: DIRECTORS BARRED FOR COLLUSIVE TENDERING
In its recent investigation into anti-competitive conduct in the construction services industry, the Competition and Markets Authority (“CMA”) concluded that ten construction firms had engaged in collusive tendering for several main contract and sub-contract opportunities. This conduct contravened Section 1 of the Competition Act 1998, leading the CMA to impose financial penalties totalling £60 million.
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