Legislation / Legal

OFT: The Office of Fair Trading has issued a statement of objections alleging that Cathay Pacific Airways and Virgin Atlantic have infringed competition law in relation to passenger services on the London to Hong Kong route.
 
The matter was brought to the OFT's attention by Cathay Pacific under the OFT's leniency policy, where a company which is the first to report its participation in cartel conduct may qualify for immunity from penalties.  Provided it continues to cooperate, Cathay will be immune from any penalty imposed in this case.
 
The statement of objections will not be published.  In accordance with the OFT's guidance on Involving third parties in Competition Act investigations, any person who wishes to comment on the OFT's proposed findings, and who is in a position materially to assist the OFT in testing its factual, legal or economic arguments, may request a non-confidential version of the statement of objections by contacting the OFT no later than 21 May 2010.
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