Compliance

Compliance

by admin

Why competition compliance is important
The jurisdictions in which Vita does business have competition laws that prohibit anti-competitive behaviour.
Breach of competition laws can result in:

  • Serious damage to Vita’s reputation
  • Very serious fines – up to 10% of worldwide turnover for infringements in or affecting the EU, for example;
  • The risk of damages claims by customers, competitors and other third parties who suffer loss as a result of
    anti-competitive behaviour;
  • Criminal proceedings (including possible imprisonment in some jurisdictions, such as the UK and USA);
  • Disqualification of directors
  • Commercial agreements being unenforceable
  • Significant legal costs and waste of management time.

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