Friday, February 29, 2008

OFT Offers £100,000 Reward for Information on Cartels

Posted by D. Daniel Sokol

In a new move for a European antitrust agency (I believe that South Korea is the only other country with such a program), the UK's Office of Fair trading has offered a £100,000 bounty (roughly US$180,000 or the equivalent of a first year associate salary in a NY law firm for those of you who need a conversion on this side of the Atlantic) in return for information which helps it to identify and take action against illegal cartels.

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