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UK: Five fit-out firms fined £7M for cartel behavior

 |  March 3, 2019

After admitting breaking UK competition law, five office fit-out firms have agreed to pay fines totalling more than £7m.

They were ensnared by information given by property company JLL, which admitted the greatest number of breaches but avoided a fine under the CMA’s leniency programme.

Following an investigation by the Competition and Markets Authority (CMA), the companies – Fourfront, Loop, Coriolis, ThirdWay and Oakley – each admitted to breaking law at least once during the period of 2006-17.

The firms, based in London and the Home Counties, admitted to participating in “cover bidding” in competitive tenders, colluding on the prices they would bid for contracts.

Full Content: Gov UK

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