Mabey Engineering News Today

Construction suppliers fined £15m for breaking competition law The CMA has fined 2 major suppliers to the construction industry more than £15m for illegally colluding to reduce competition and keep prices up. From: 17 December 2020 Following an investigation by the Competition and Markets Authority (CMA), 2 UK-based companies who supply groundworks products to some of the nation’s largest construction firms, Vp plc and M.G.F. (Trench Construction Systems) Ltd, have been fined more than ...

-  Fining pre-cast concrete pipe firms £36 million with 2 directors disqualified and disqualification proceedings against 2 other directors ongoing, and   4.  The CMAs findings concern breaches of the Chapter I prohibition of the Competition Act 1998 (CA98) and Article 101 of the Treaty on the Functioning of the European Union (TFEU). As explained in the CMAs guidance,  UK Exit from the EU: Guidance on the functions of the CMA under the Withdrawal Agreement, Art...