Informing the CMA of a competition concern
First published by Author on August 03, 2018 in the following categories: Industry and tagged with cma | competition law
Informing the CMA of a competition concern can be vital to ensure that our markets are fair, and to ensure they’re focused on consumer confidence and competitive pricing.
You may find yourself, as a business, embroiled in a potential competition issue. It may be that you’re being asked to engage in price-fixing or market-sharing, or you may discover that suppliers or competitors are engaging in behaviour that’s in breach of the Competition Act.
Discovering this can be worrying, but we can help. As the Competition Lawyers, we can guide you through the process of a damages claim as well as the matter of informing the CMA (Competition and Markets Authority) of a competition concern.
What to do when informing the CMA about a competition concern
Informing the CMA of a competition concern is a fairly easy process involving the completion of a form that’s found on their website. Whether the CMA pick up the matter as a case or not may depend on the strength of the evidence presented to them and the resources available to them.
Either way, investigations can be lengthy, but you don’t have to wait around to take action.
When to make a competition compensation claim, and informing the CMA
You can make a competition claim either before or after informing the CMA of a concern. In fact, we can help with the process of informing the CMA as well.
You don’t have to wait for the CMA to have completed their investigations into the competition concern before seeking legal advice or even before initiating a competition claim either.
When is the best time for informing the CMA?
Really, you should be informing the CMA as soon as possible, although if you feel more comfortable seeking legal advice prior to informing the CMA, you can get access to fast and no-obligation advice from us right away.
There’s no need to wait a particular period of time before informing the CMA or seeking legal advice. It can be better to get action started sooner rather than later to avoid any potential issues of competition breaches being covered-up, which can easily happen.