In an economic climate in which public confidence in competitive markets appears to have been dented, 2009 looks set to be a challenging year for those engaged in enforcing and applying competition law and policy. "Micro-surgery rather than drastic amputation" is how John Fingleton, chief executive officer of the Office of Fair Trading (OFT) has characterised his desire for an appropriate policy response to the credit crunch and recession, with competition authorities needing to be "both pragmatic and flexible in their application of competition policy" and yet recognising the benefits that effective competition enforcement brings.
February 11, 2009 at 09:34 PM
1 minute read
The original version of this story was published on Legalweek
With the number of failing businesses on the up and a swing of serious investigations to conclude, 2009 is set to be a tough year for the OFT. Lesley Ainsworth reports
In an economic climate in which public confidence in competitive markets appears to have been dented, 2009 looks set to be a challenging year for those engaged in enforcing and applying competition law and policy.
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