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Wed 04 Apr 2009Publicans face contempt proceedings on price-fixing
THE COMPETITION Authority is seeking to have the chief executives of two publicans’ organisations brought before the High Court to explain why they should not be jailed and their organisations’ assets seized for alleged contempt arising from their announcement of a drinks price-freeze.
The authority claims a price freeze, especially during a recession, is likely to result in substantial consumer harm, is banned under competition law and breaches undertakings given to the court in settlement of earlier proceedings.
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