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Audit market: the OFT refers the audit market for large companies to the Competition Commission
  • Squire Patton Boggs
  • United Kingdom
  • December 13 2011

Following a recent consultation, the Office of Fair Trading (‘OFT’) has referred the market for the supply of statutory audit services to large companies in the UK to the Competition Commission for further investigation, amid concerns that the audit market is very concentrated, has low levels of switching and substantial barriers to entry

Takeover Panel: Takeover Code: amendments to various practice statements effective 19 September 2011
  • Squire Sanders Hammonds
  • United Kingdom
  • October 4 2011

As reported in the last edition of this publication6 , a number of changes to the Takeover Code (‘the Code’) came into effect on 19 September 2011

Christian Lowis
  • Squire Patton Boggs