Competition Law and Land Agreements!
This post was written by Philip Olmer, Marjorie Holmes and Siobhan Hayes.
From the time the UK joined the EEC, sections of UK industry have had to grapple with European competition law requirements on anti competitive and monopolistic behaviour. In terms of real estate, competition law had really only affected public sector procurement projects and certain monopolistic businesses such as motorway service areas. From April next year the Competition Act will apply to land agreements. The two real estate lawyers writing this blog are still struggling to get to grips with the consequences of the variable enforceability of potentially anti-competitive agreements. Our colleagues specialising in competition law are very clear that we will have to!
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