Unfair office of trading
Series: Property Week ; 66(38) 21 September 2001, 12-13(2)Publication details: 2001Subject(s): Summary: Presents arguments from property industry professionals against the Office of Fair Trading (OFT) whose actions have have resulted in property companies being charged fees for OFT looking into property transactions of over £70m. The property industry claims that deals of £70m do not create monopolies and OFT's approach is inconsistent as not all deals at this level are investigated. The interpretation of property as an 'entreprise' under the Fair Trading Act 1973 s63(2) enables OFT to look at mergers beyond corporate entities. Discusses how the British Property Foundation has been working to change OFT's regulations so fees are only payable if a full investigation is required and to amend the definition of 'entreprise' so property acquisitions are not included.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64641 (Browse shelf(Opens below)) | 1 | Available | 115234-1001 |
Presents arguments from property industry professionals against the Office of Fair Trading (OFT) whose actions have have resulted in property companies being charged fees for OFT looking into property transactions of over £70m. The property industry claims that deals of £70m do not create monopolies and OFT's approach is inconsistent as not all deals at this level are investigated. The interpretation of property as an 'entreprise' under the Fair Trading Act 1973 s63(2) enables OFT to look at mergers beyond corporate entities. Discusses how the British Property Foundation has been working to change OFT's regulations so fees are only payable if a full investigation is required and to amend the definition of 'entreprise' so property acquisitions are not included.