Pricing in a Crisis – Competition Law Compliance During COVID-19
FTI Consulting's Liberty Mncube joins a panel discussion offering practical advice and guidance on competition law compliance during COVID-19.
The discussion addressed the following questions:
- Is your Competition Law Compliance Policy adequate to protect your business from complaints about excessive and unfair pricing during the period of the COVID-19 national disaster?
- What steps are our competition authorities taking to protect consumers and penalise price gouging?
- Can you increase your selling prices during this period, and if so, what measures do you need to put in place in order to be able to defend these increases?
- What kinds of collaborations with competitors are allowed during the crisis?
The discussion was facilitated by Lebohang Mabidikane, partner in our Competition Practice. Panel members included Heather Irvine, partner in our Competition Practice, Liberty Mncube, managing director, FTI Consulting, and Phil Alves, senior managing consultant, Berkeley Research Group.