In-house counsel should check if their company is planning to raise its prices

The competition authorities of the UK, USA, Australia, Canada and New Zealand have established a working group in order to better address concerns that some companies are using the supply chain shortages as a cover to raise prices pursuant to anticompetitive activity, such as cartels. 

In-house counsel could use this news as a prompt for their compliance programmes to check that if their company is planning to raise its prices, that this is a unilateral decision and not one that might be co-ordinated with competitors.

If competitors are announcing price rises, this could be a red flag.

Disclaimer

This information is for general information purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. Please contact us for specific advice on your circumstances. © Shoosmiths LLP 2024.

 


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