Competition Appeal Tribunal Backs OFT

Competition Appeal Tribunal Upholds OFT Decision
in Price Fixing Case
OFT Press Release
1 November 2006
The Competition Appeal Tribunal (CAT) yesterday found in favour
of the OFT in a case relating to price fixing and market sharing
in the market for the supply of stock check pads in the UK.
The CAT unanimously dismissed the appeal by Achilles Paper Group
Limited (Achilles) and found that the penalty of £127,848.75 that
the OFT had imposed on Achilles was appropriate. The CAT also
clarified the OFT's margin of appreciation in setting financial
penalties at a level that will operate as an effective deterrent.