The competition minister Jo Swinson has unveiled proposals to make it easier for companies and consumers to take legal action against companies engaging in anti-competitive practices.
These measures include the introduction of a fast track system for people bringing suit and making the Competition Appeal Tribunal the main court for this sort of charge; the introduction of a opt-out collective actions regime for competition law; and the promotion of the Alternative Dispute Resolution to encourage parties to settle charges before they are brought to court.
“Competition is one of the great drivers of growth; it keeps our prices low and our businesses innovating. This is why it’s important that where there are businesses who abuse their position in the market, those who have been affected can take appropriate action,” said Swinson.
“Actions like price-fixing or imposing unfair trading terms can really harm businesses, particularly small businesses, and restrict their ability to grow; and that is why we will create a fast-track system in the courts for businesses to restore justice as quickly as possible. These changes will empower consumers and businesses, and continue to improve on the UK’s position as a world-class competition regime.”
Want to receive up-to-the-minute tech news straight to your inbox? Then click here to sign up for the completely free PCR Daily Digest and Newsflash email services. You can also follow PCR on Twitter and Facebook.