Competition Appeal Tribunal

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    Rightmove’s share price drops 10% on legal action news

    The share price drop followed a £1.5billion legal action being filed against Rightmove, by Jeremy Newman, a former panel member of the Competition and Markets Authority.

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    Latest property news

    EXCLUSIVE: Agents’ Mutual and Gascoigne Halman return to court to fight it out again

    Agents’ Mutual and estate agent Gascoigne Halman are to lock horns once more in the courts in two week’s time, The Negotiator can reveal. The Court of Appeal has disclosed that the two sides are due in court on November 27th for a three day hearing after Gascoigne Halman, which is owned by Connells, was given leave to challenge the original Competition Appeal Tribunal adjudication which took place in July last year. That found that Agents’ Mutual, which since the court case has become a wholly-owned subsidiary of OnTheMarket plc, was entirely legal in its pursuit of a then strictly enforced ‘one other portal rule’ which has since been dropped, and also its exclusion of online-only and hybrid agents and its listings’ ‘exclusivity’. The three judges also did not find that Agents’ Mutual had pursued any kind of concerted ‘boycott’ of Zoopla, as had been suggested during the original 10-day hearing. Agents’ Mutual “In July 2017, judgement 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…

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