Gascoigne Halman’s legal challenge to the ruling that Agents Mutual was not anti-competitive with its ‘one other portal’ ruling is scheduled to be heard over three days later this month.
The case is due to start on November 27.
Connells brand Gascoigne Halman had suggested from the start that it would appeal against the Competition Appeals Tribunal ruling of last year, and leave to appeal was granted in December.
As an independent before its acquisition by Connells, Gascoigne Halman had been an early supporter of OnTheMarket, the portal launched by Agents Mutual. The ‘one other portal’ rule was dropped when OnTheMarket floated on AIM in February this year.
A spokesperson for OTM said: “In July 2017, judgment was handed down by the Competition Appeal Tribunal in favour of Agents’ Mutual and against Gascoigne Halman Limited on all competition issues: the One Other Portal rule was upheld as lawful and enforceable and Agents’ Mutual was awarded £1.2m as an interim payment towards its litigation costs.
ah, I see… finally the penny drops… Going Beyond the initial ruling.
all that was a tad cryptic though. 🙂
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
So,say if the appeal fails,whats the potential financial upside to OTM?
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Boring, who honestly cares now.
OTM have shown they can do what they want when they want, also numerous agents are no longer paying the subscriptions and OTM have not chased them up.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register