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The UK’s Competition and Markets Authority (CMA) has launched a programme of work on analysing algorithms with the release of a study focused on the potential harms caused by algorithmic systems to consumers.
https://www.pinsentmasons.com/out-law/news/cma-study-highlights-risks-competition-posed-algorithms
SPECIAL REPORT: CORPORATE FRAUD & CORRUPTION
Businesses that fail to publish annual 'modern slavery' statements are to face potential financial penalties in the UK, foreign secretary Dominic Raab has confirmed.
https://www.pinsentmasons.com/out-law/news/modern-slavery-transparency-failings-to-lead-to-uk-fines
The Serious Fraud Office has announced that a former employee of a Petrofac subsidiary has admitted additional charges under the UK Bribery Act 2010. These charges relate to three historic contract awards in the UAE in 2013 and 2014.
The Serious Fraud Office (SFO) has today closed its three year investigation into British American Tobacco (BAT).
An EU court has upheld a 2017 European Commission decision which found that the International Skating Union (ISU) infringed competition law rules by imposing restrictions on skaters from taking part in non-ISU events.
Two major UK groundworks products suppliers have been fined £15m for illegally colluding to reduce competition and keep prices up.
Firms involved in anti-competitive behaviour may find their agreements to be unenforceable and risk being fined up to 10% of group global turnover, as well as exposing themselves to possible damages actions.
The Competition and Markets Authority (CMA) expects company directors to have a standard of skill and involvement that ensures that companies don't break EU and UK competition law.
Labour mayor among five arrested as part of police inquiry into building contracts in the city
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