Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

COL definition

What does COL mean? In nuclear project work, COL means a US Nuclear Regulatory Commission Combined License that authorises construction of a new reactor and, once pre-operational conditions are met, its operation. It is a defined US regulatory instrument under 10 CFR Part 52, combining what were historically separate construction permits and operating licences. A COL typically incorporates design certification references and site-specific Inspections, Tests, Analyses and Acceptance Criteria (ITAAC) that must be satisfied before fuel load. For UK and Irish practitioners, COL is encountered in cross-border M&A, project finance, due diligence and contracts involving US new nuclear build. It does not exist in...

CMA UK infringement decision against Ultra Finishing: online resale price maintenance via minimum advertised prices for bathroom fittings; £786,668 fine (CE/9857-14, 10 May 2016)

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED

This archived case hub reflects the position as at the decision date of 10 May 2016 and is no longer updated. For more detail, see the timeline, commentary and related cases.

Case facts

Outline

CMA Article 101 TFEU/Chapter I CA98 investigation into Ultra Finishing Limited concerning the suspected inclusion, within vertical agreements, of a minimum advertised price by Ultra Finishing (as manufacturer) for online sales of bathroom fittings, restricting retailers from pricing below that level (case CE/9857-14).

Latest developments

On 10 May 2016, the CMA issued an infringement decision and levied a £786,668 penalty on Ultra. The fine was reduced by 20% following Ultra’s decision to settle with the CMA. A further 5% discount was granted after Ultra agreed to implement a competition compliance programme across its business and staff. The programme will feature a clear board-level commitment to competition compliance (to be published on its website), bespoke training for all employees, and a detailed process to identify, evaluate and mitigate competition law risks. Ultra will conduct an annual review of the programme, with yearly reports to be provided to the CMA for the first three years...

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