Dr Diana Johnson Diana.Johnson@uwe.ac.uk
Senior Lecturer in Legal Practice course
Law society breaches competition rules over financial regulation training for conveyancers
Johnson, Diana
Authors
Abstract
The article considers the impact of a competition law ruling against the Law Society of England and Wales.
The Law Society was found to have breached UK competition law rules in relation to its provision of anti-money laundering and mortgage fraud training courses to law firms. The Law Society made it a condition of membership of its Quality Conveyancing Scheme that all law firm members must only receive this training from the Law Society. A competing provider of legal training courses, Socrates Training Limited (Socrates), successfully made the case that this was an anti-competitive practice.
The Law Society was ordered to pay costs in excess of £230,000 to Socrates.
Citation
Johnson, D. (2017). Law society breaches competition rules over financial regulation training for conveyancers. Financial Regulation International,
Journal Article Type | Article |
---|---|
Acceptance Date | Oct 1, 2017 |
Online Publication Date | Dec 23, 2017 |
Publication Date | Dec 23, 2017 |
Deposit Date | Feb 22, 2018 |
Publicly Available Date | Mar 28, 2024 |
Journal | Financial Regulation International |
Peer Reviewed | Not Peer Reviewed |
Keywords | law society, competition |
Public URL | https://uwe-repository.worktribe.com/output/902307 |
Publisher URL | https://www.financialregulationintl.com/financial-industry/law-society-breaches-competition-rules-over-financial-regulation-training-for-conveyancers-127927.htm?origin=internalSearch |
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