A long-standing legal dispute between OnTheMarket and the Gascogne Halman and Connells agencies has been settled.
No details have been released but in a brief statement this morning OTM announced:
“OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that an agreed out of court settlement has been concluded between Agents' Mutual Limited and Gascoigne Halman Limited and Connells Limited. The agreement, the terms of which are confidential, ends all litigation proceedings between the parties.”
Back in the summer of 2017 Gascoigne Halman lost its challenge to Agents Mutual’s ‘one other portal’ rule - a rule now abandoned by the portal for new members. That case was heard by the Competitions Appeals Tribunal.
Then last year Gascoigne Halman also lost its appeal against the CAT ruling at the Court of Appeal.