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Markel Insurance

18 Sep 2019

Casio fined £3.7 million for breaking competition law

The EU and UK competition authorities have been very active in investigating resale price maintenance in recent years and have together issued several infringement decisions. Read our blog here to find out more.

The Competition and Markets Authority (CMA) has fined Casio £3.7 million for breaking competition law by preventing online discounting for its digital pianos and keyboards.

Casio has admitted implementing a policy designed to restrict retailer freedom to set prices online, requiring digital pianos and keyboards to be sold at or above a minimum price. They also applied pressure to retailers if they fell below the specified minimum price given by Casio.

This kind of illegal practice, known as resale price maintenance (RPM), often means that customers miss out on the best possible prices because, even when they shop around, they find all retailers tend to be selling at around the same price.

The £3.7 million fine has been discounted to reflect the fact that the company admitted to the illegal behaviour and agreed to co-operate with the CMA.

The CMA has produced useful guidance for businesses about RPM.
 
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This feature was written in collaboration with the solicitors at Markel Law. Find out more about Markel Law and how they can assist your business.
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18 Sep 2019

Claiming sick pay whilst working in additional employment

Is it unlawful to work elsewhere whilst on sick leave? read our blog to find out more.