Following the news that two more construction directors have been disqualified for forming an illegal cartel, the Competition and Markets Authority (CMA) has issued an open reminder to the construction sector about its guidance on competition law and the significant risks of non‐compliance.
The case involved FP McCann Ltd, along with 2 other suppliers of pre-cast concrete drainage products – Stanton Bonna Concrete Ltd and CPM Group Ltd. This brings the total number of disqualified directors to 25 and follows rapidly from the announcement of three Directors being disqualified for links to a cartel in the rolled lead sector and similar issues identified in 2019 in the Fit-out sector.
The FIS Business/Taxation Toolkit includes additional advice and support for members on managing competition law requirements.