n Without Prejudice - Successor liability : competition law
|Article Title||Successor liability : competition law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Feb 2013|
|Pages||6 - 8|
What happens when a legal entity, specifically a business, that has committed a competition law infringement in the past and is liable to pay a penalty for the contravention, is transferred to a new firm? Would the purchaser take over the responsibility from the seller due to the transfer of the business to which the infringements relate, or could the new purchaser refer the competition authorities back to the seller?
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