Last week we gave you an overview of the four Cardinal Sins under the Competition Ordinance. This week we discuss Cardinal Sin No.1 – price fixing.
Price fixing is one of the worst violations of competition law that will attract the most serious fines. While price fixing may sound straightforward and intuitive, in practice, the legal concept of price fixing captures a wide array of conduct, some of which you may find yourself inadvertently engaging in.
In this article we examine the elements of price fixing and use examples to illustrate how you may avoid entering into a price fixing agreement.