And you thought attorneys were above the (antitrust) law…?

Namibian Competition Watchdog Probes Alleged Collusion Between Law Firm and Bank

Namibia’s Competition Commission (the “NaCC”) has begun a Section 33 investigation into the alleged exclusive-dealing arrangement in relation to property conveyancing between Bank Windhoek and the domestic law firm of Dr Weder, Kauta and Hoveka, which has offices in 4 cities and touts itself as being “widely respected and recognised for its professionalism and excellence in service provision.”

The purported deal requires those applying for a loan from Bank Windhoek to use the law firm’s conveyancing services, thereby allegedly excluding other attorneys, according to the NaCC’s formal statement announcing the investigation, which resulted from an apparent private complaint brought to the NaCC: “The agreement and its maintained exclusivity is said to limit competition and forecloses other independent service providers in the relevant market, which is provisionally defined as the provision of conveyancing services to Bank Windhoek-financed property transactions,” in violation of section 23 of the Namibian Competition Act. It is reported that the law firm has denied knowledge of the existence of any such agreement with the banking institution and has sought a copy of the document.

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