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ARTICLE · 11 JULY 2003

10 Things You Need To Know About The Enterprise Act

Mishcon de Reya LLP
Mishcon de Reya LLP
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Mishcon de Reya LLP

Mishcon de Reya LLP

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United KingdomFinance and Banking

By Conan Chitham and Andrew Millett

Mishcon's HOT 10

  • Came into force 20 June 2003

  • OFT investigatory powers strengthened

  • Cartels criminalised

  • Directors disqualification for up to 15 years for competition law breaches

  • Scope of competition law damages widened

  • Merger referral changes

  • Introduction of market investigation references

  • Introduces super-complaints by consumer bodies

  • Consumer law enforcement strengthened

  • Two stage scheme for the approval of Business Codes

  • Came into force on Friday 20 June 2003

These provisions apply now and need to be immediately addressed.

  • OFT investigatory powers strengthened
    •

Greater powers to investigate companies and other bodies suspected of breaching certain provisions of the Competition Act 1998 ("CA'98") including the right to require the supply of information, obtain search warrants, visit premises and take copies of papers and electronic documents.

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