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Firm acted for immunity applicant in CMA investigation

Peters & Peters were instructed to act for a UK subsidiary of a major US engineering company as an immunity applicant in a CMA investigation into price fixing activity between competitors in the market. The European Commission investigation into price fixing in this steel abrasive market has now concluded, with companies being fined for their part. The client received full immunity for revealing the existence of the cartel and thereby avoided a fine of €4.1 million for its participation in the infringement. Our role included conducting an internal evidential review, liaising with the OFT/CMA and numerous company employees, as part of the company’s ongoing obligation to co-operate with the OFT/CMA. We advised our corporate client at every stage of the OFT/CMA’s investigation, including on key issues such as legal privilege, which were addressed for the first time in this manner, under the latest CMA guidance.

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Jasvinder Nakhwal

Partner

+44 (0)20 7822 7753

Jasvinder has over 20 years’ experience acting for high profile individuals and companies facing complex cross-border criminal and regulatory investigations. She is particularly skilled in dealing with cases involving individual/corporate rights and has a long track record of defending successfully in extradition, INTERPOL and asset seizure matters. Described as “A superb lawyer and meticulous in her preparation…an understated star” (Legal 500 2021), she is the 2020 winner of Legal 500’s Individual of the Year for Crime, Fraud and Licensing.   

Rachel Cook

Senior Associate

+44 (0)20 7822 7772

Experienced in multi-jurisdictional investigations and prosecutions into tax offences, fraud and corruption.