Article summary
The Competition and Markets Authority (CMA) has launched a consultation on new draft guidance supplementing the Vertical Agreements Block Exemption Order (VABEO). The guidance aims to outline the way in which the CMA applies the prohibition in the Competition Act 1998 of business agreements which restrict competition to vertical agreements between businesses operating at different levels of the supply chain, explaining when such agreements are exempted from the prohibition. The consultation closes at 5pm on 5 May 2022.
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