COMPETITION
Lawyer warns of legal battle after watchdog seizes insurers’ documents
Companies mull whether the Competition Commission was entitled to all the information, says Werksmans Attorneys director
29 August 2022 - 05:10
As the Competition Commission begins sifting through information to build a case against eight of SA’s top insurers that it claims could be involved in price collusion, a lawyer has warned of a potential drawn-out legal dispute between the parties over the seizure of documents.
Sanlam, Discovery, Hollard, Old Mutual, Momentum Metropolitan, Bidvest Life, Professional Provident Society and BrightRock have said they will co-operate with the investigation after their offices were subjected to search-and-seizure operations by the competition watchdog last week...
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