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TODAY'S OTHER NEWS

Round two! OnTheMarket anti-competitive case goes back to court

Here we go again - the Court of Appeal is to hear Connells-owned Gascoigne Halman's challenge to a ruling that cleared Agents Mutual of anti-competitive activity with its one other portal rule.

The Negotiator - which got the story as an exclusive - this morning reports that the case will last three days, starting on November 27.

In July 2017 the Competition Appeals Tribunal judges, after a lengthy consideration following the tribunal itself, decided that OnTheMarket’s ‘one other portal only’ rule was not anti-competitive.

The tribunal had been hearing a claim by OTM’s parent company, Agents’ Mutual, that Connells-owned agency Gascoigne Halman was in breach of contract. Since that time AM has become a wholly-owned subsidiary of OnTheMarket plc.

In 2017, after the CAT verdict was announced, it was agreed in court that Gascoigne Halman must pay £1,243,248 as an “interim amount” pending a definitive decision on costs.

Back then, Connells Group issued a statement hinting that it could appeal at some time in the future: “Gascoigne Halman is surprised and disappointed by today’s Competition Appeal Tribunal judgement. We are considering our position and will consequently not be making any further comment at this stage.”

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