Legal Insights

< back to search results

How confidential information exchanged at a single meeting can infringe competition law

Overview

The recent judgment of the Competition Appeal Tribunal in Balmoral Tanks v Competition and Markets Authority shows that exchanging competitively sensitive information with competitors - even at a single meeting, on a one-off basis - can infringe EU/UK competition law, exposing companies to potentially significant fines and reputational harm.


This briefing also looks at other examples of businesses that have been penalised under UK or EU competition law for sharing competitively sensitive information.


All of these cases serve as an important reminder that businesses should (i) take steps to strictly control the flow of confidential information outside the company, particularly to competitors; and (ii) exercise great care when attending meetings with competitors or events at which competitors are present.


 

Rating: 10 people found this useful