UK: Auction Service Providers under investigation

Competition and Markets Authority Opens Investigation into Auction Service Providers

“On 22 November 2016, the Competition and Markets Authority (“CMA”) announced that it had opened a formal investigation into suspected anti-competitive practices in relation to the supply of auction services in the UK.

It is understood that the CMA’s investigation was prompted by an allegation that the business under investigation is attempting to restrict new competitors from entering the market for online auction services through quasi exclusive deals with auction houses. The complaint pointed to MFN clauses that may have affected auction houses.”

Texts from: http://www.jdsupra.com/legalnews/competition-and-markets-authority-opens-58113/

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