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ARTICLE · 20 JULY 2011

Real Estate Briefing - July 2011

Bircham Dyson Bell LLP
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Chapter 1 of the Competition Act 1998 (the Competition Act) prohibits agreements between two or more businesses which have the effect of preventing, restricting or distorting competition within the UK.

United KingdomReal Estate and Construction
Jennifer Chappell
Jennifer Chappell
Nitej Davda
Nitej Davda

Competition law and land agreements – what's changed?

How has competition law changed?

Chapter 1 of the Competition Act 1998 (the Competition Act) prohibits agreements between two or more businesses which have the effect of preventing, restricting or distorting competition within the UK.

Up until April 2011, land agreements were excluded from this prohibition by the Competition Act (Land Agreement Exclusion and Revocation) Order 2004 (the Exclusion Order). From 6 April 2011, the Exclusion Order has been revoked and companies will now have to self-assess land agreements to ensure they comply with UK competition law.

What is a land agreement?

All new and existing agreements which create, alter, transfer or terminate an interest in land are caught by the Competition Act. This includes:-

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