On Friday, the OFT published its draft guidance on the application of competition law to property agreements (known as “land agreements” in competition jargon). Land agreements are currently exempt from Chapter 1 of the Competition Act – which generally outlaws agreements that prevent, restrict or distort competition – but that exemption will be repealed as of 6 April 2011.
We’ve just posted a full briefing on the OFT’s guidance to the main Brodies website. You can find it here.
On October 19, 2010