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ARTICLE · 07 AUGUST 2015

Do Businesses Understand Competition Law?

Patterson Belknap Webb & Tyler LLP
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This spring, the UK Competition and Markets Authority published a study on UK businesses' awareness and understanding of competition law, understanding of anti-competitive behaviors, and penalties for any violations.

United KingdomAntitrust/Competition Law
Melissa Ginsberg
Melissa Ginsberg
Robert LoBue
Robert LoBue

This spring, the UK Competition and Markets Authority (the "CMA") published a study on UK businesses' awareness and understanding of competition law, understanding of anti-competitive behaviors, and penalties for any violations.

The study included interviews of more than one thousand senior personnel with responsibility for sales at private sector businesses in the UK. Among other questions, they were asked to answer a series of 10 true/false questions to evaluate their understanding of competition law. The result? These senior personnel identified only 4.2 statements correctly on average. In this post, we discuss the results of the CMA study and what companies can do to improve their own employees' knowledge and compliance with competition laws around the globe.

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