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Competition Appeal Board Dismisses Most Grounds of Appeal by Modelling Agencies

May 2013 - EU & Competition. Legal Developments by Drew & Napier LLC .

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On 10 April 2013, the Competition Appeal Board (CAB) dismissed all but two grounds of appeal by five modelling agencies that had been found by the Competition Commission of Singapore (CCS) to have engaged in price-fixing activities. CAB's decision resulted in a reduction in the total amount of financial penalties for the five modelling agencies.

n this Legal Update, we highlight the key issues raised in the appeal, including CAB’s view on whether the nature of an industry should be taken into account when determining financial penalties and whether the involvement of company directors and senior management in the price-fixing agreement should be an aggravating factor in determining financial penalties.

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