Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation
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.
Tagged Legal Expenses Insurance
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.
Next article in series

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.