Authorities across a wide range of jurisdictions are responsible for identifying anti-competitive behaviour and/or abuses of market power that impact their areas.
There has been significant growth in these types of investigations in recent years and we anticipate this growth to continue due to:
- Increasing numbers of enforcement actions by authorities
- Enactment of new competition-related legislation in various jurisdictions
- Introduction of UK super-complaints process
- Political pressure
- Leniency for whistle-blowers in certain jurisdictions
The financial consequences for guilty firms can be significant and in addition to substantial fines, companies can also find themselves facing claims from consumers and other entities that have suffered loss as a result of the alleged behaviour. Market interventions and regulations can significantly affect future profitability of organisations affected.
Assessing whether anti-competitive behaviour has taken place and assessing the financial effects of such behaviour on others often requires complex analysis. At FTI, we combine expertise in accounting, finance and economics together with in-depth knowledge and experiencing of working with organisations facing complex competition issues.
Pricing and profitability issues are closely related to other aspects of competitive conduct and competition policy. Our team has a wealth of experience in preparing submissions to competition authorities and courts on such issues as well as quantifying damages that result from anti-competitive conduct. We work closely with our colleagues in Compass Lexecon, our specialist competition economics practice, who provide expert advice across a broad range of competition issues. They work with clients helping them to articulate how competition functions in the markets in which they operate and why certain outcomes may be observed.