Will the New U.K. Competition and Markets Authority Make Better Antitrust Decisions?

Bruce Lyons, May 14, 2012

I focus in this paper on institutional change and decision making in the new CMA. There are also other important changes to U.K. competition law, including the removal of “dishonesty” as a requirement for the criminal offense in cartels-it will be replaced by appropriate publication of detailed arrangements as a defense. This, and numerous other relatively small modifications, typically move competition policy in the right direction. Another example is that