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UK Competition Appeal Tribunal: Judgment in Ballast Nedam N.V. v Office of Fair Trading

( March 11, 2011, 16:32 GMT | Official Statement) -- MLex Summary: The UK Competition Appeal Tribunal has concluded that the Office of Fair Trading's fine on Ballast Nedam for providing deceptive cover prices for construction contracts and infringing UK competition rules that prohibit restrictive business practices was excessive. The tribunal reduced Ballast Nedam's original total penalty of £8,333,116 to £534,375.Read the judgment in full below and comment here...

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