Richard Annan quoted in "No need for tribunal hearing, CREA says; Rules changed", Financial Post
|Area||Competition, Antitrust and Foreign Investment|
Excerpt from "No need for tribunal hearing, CREA says; Rules changed", by Garry Marr:
The case, which could take about a year to resolve, is very unusual in terms of competition law. "There have only been a handful of cases that have actually gone forward in this area under abuse of dominance," said Richard Annan, a lawyer with Goodmans LLP.
Mr. Annan said the Competition Act provides for remedial relief, with the primary method usually being stopping the conduct of a group, so it is no longer anti-competitive. In the last year, the act has been amended to allow for fines of up to $10-million. However, the bureau said it is not seeking a fine. "The tribunal is basically a court. It has the same power as the Federal Court and has federal court judges on it. The wrinkle is they have added economist and business people as well to provide the expertise side," Mr. Annan said.