Compliance Reviews

• Reduce the risk of infringing Competition/anti-trust Law
• Can result in a lower level of fine being imposed by the European Commission or the OFT where an infringement is found
• Are cheap and simple to set up. This is often done in conjunction with our Business Health Check, but can be done separately.
  

Who needs compliance programmes? - All companies which may be at risk of infringing EU competition law can benefit from having a Competition Law Compliance Review. the larger a company is the more difficult if can become in the education of its members of staff concerning their obligations under EU or UK competition law.

• Where a company consists of two individuals, for example Director Shareholders, knowledge of Competition Law is necessary also but a formal review would be probably inappropriate.
• Small companies need simply to ensure that those responsible for the business are aware of their obligations under the law.
• Where a company has many employees more formal steps must be taken to educate employees. Companies should consider the relative cost of setting up a Compliance Review against the risk of fines which could be imposed in breach of the EU or UK Competition Rules. A company will never find it cheaper to incur and meet fines - which usually attract unpleasant publicity - than implement precautionary measures in advance.