The CMA is today publishing advice for businesses on joint ventures to help them comply with competition law. This follows a recent case where two businesses in a joint venture were fined £1.7 million by the CMA for agreeing to share the market under the cover of a joint venture agreement.
The CMA’s short guide on Joint Ventures and Competition Law: dos and don’ts is for businesses that are already in, or are considering entering into, joint ventures, alliances or other forms of collaboration with another business.
The CMA’s advice urges competing businesses to make sure they collaborate legally, check they are compliant with competition law from the outset of agreements and to keep arrangements under regular review to help ensure they remain compliant. In addition to publishing the advice, the CMA is also writing directly to over one thousand regional commercial law firms to ask them to share the advice with their clients.
The guidance is available online here