Babcock and Wilcox Ltd., the ‘Babcock Family’ and regulation 17/62: a business response to new competition policy in the early 1960s

Rollings, N. (2020) Babcock and Wilcox Ltd., the ‘Babcock Family’ and regulation 17/62: a business response to new competition policy in the early 1960s. Business History, 62(5), pp. 743-762. (doi: 10.1080/00076791.2017.1310197)

Abstract

This article explores through the lens of the British company Babcock and Wilcox Ltd the response of a group of European companies to the threat posed to their activities by the new EEC competition policy in the early 1960s. Regulation 17/62 was set to ban the market-sharing agreements which had been in place for many years between the companies in Europe. The article tracks their deliberations over the most suitable response that would allow market sharing to continue while minimising the risk of discovery. This rare insight into the inner discussions of cartel arrangements also highlights the role of legal advice in the solution adopted.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Rollings, Professor Neil
• Authors: Rollings, N.
• College/School: College of Social Sciences > School of Social and Political Sciences > Economic and Social History
• Journal Name: Business History
• Publisher: Taylor & Francis
• ISSN: 0007-6791
• ISSN (Online): 1743-7938
• Published Online: 13 April 2017
• Copyright Holders: Copyright © 2017 Informa UK Limited, trading as Taylor & Francis Group
• First Published: First published in Business History 62(5): 743-762
• Publisher Policy: Reproduced in accordance with the copyright policy of the publisher