Laws to curb buyer power, collusion and price discrimination one step closer

The department of trade and industry has published draft regulations which aim to tackle the abuse of dominance, collusion and price discrimination.

During his budget vote speech in July, Patel said that the provisions will “provide small businesses with remedies against price discrimination by dominant firms; or when dominant buyers abuse their power by imposing unfair prices and other trading conditions”. “A clear set of final regulations and hopefully soon-to-be published guidelines will be essential to assess risk and guide compliance protocols,” Dingley said.

In assessing risk, companies will have to assess their own market position and determine whether suppliers or customers fall within these categories, said Dingley.

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