How confidential information exchanged at a single meeting can infringe competition law
The recent judgment of the Competition Appeal Tribunal (the "CAT") in Balmoral Tanks v Competition and Markets Authority shows that exchanging competitively sensitive information with competitors - even at a single meeting, on a one-off basis - can infringe EU/UK competition law, exposing companies to potentially significant fines and reputational harm. What are the key lessons for business?