Time to face the music: the UK’s Competition Appeal Tribunal dismisses an appeal relating to online resale price maintenance in the UK Market of electronic drumkits and associated products
10 August 2021
The authors* review the UK's Competition Appeal Tribunal dismissal of an appeal relating to online resale price maintenance in the UK Market of electronic drumkits and associated products.
The CAT’s judgment marks the first time that it has adjudicated on the CMA’s settlement policy in the context of a penalty appeal, and serves as a warning to would-be appellants considering whether or not to resile from settlement decisions reached with the CMA. The judgment sends a clear message that investigations concluded swiftly through a settlement agreement cannot be reopened on appeal without forfeiture of any discount agreed.
This article was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ in the European Competition Law Review as " Time to face the music: the UK’s Competition Appeal Tribunal dismisses an appeal relating to online resale price maintenance in the UK Market of electronic drumkits and associated products" in [E.C.L.R. 2021, 42(8) N139-N143] and is reproduced by agreement with the publishers.
*Alex Nourry, Partner and Luke Cowdell, Trainee