Ignorance is bliss: but it's no defence

摘要

Bernardine Adkins With the OFT breathing down our necks, it would be wise not to get caught out on competition rules because you didn't know they existed. The continuing investigation by the Office of Fair Trading into cover pricing in the construction sector has brought the issue of compliance with the competition rules into sharp relief. The enforcement policy of the OFT is now more concerned with the nuanced area of "conceited practices", which arise where market players overstep the mark and remove the uncertainty between one another as to their intended commercial conduct.