Section 49
Disclosure of interest
A member of the Competition Appeal Tribunal shall disclose, as soon as practicable, to the President any interest, whether substantial or not, which may be in conflict with the member’s duties as a member of the Competition Appeal
Tribunal in a particular matter.
(2)
If the President is of the opinion that the member’s interest is in conflict with the member’s duties as a member of the Competition Appeal Tribunal, the President shall inform all the parties to the matter of the conflict.
(3)
If none of the parties to the matter objects to the conflict, the member may continue to execute duties as a member of the Competition Appeal Tribunal in relation to that matter.
(4)
If a party to the matter objects to the conflict, the member of the Competition Appeal Tribunal shall not continue to execute his duties as a member of the Competition Appeal Tribunal in relation to that matter.
(5)
If the member is prohibited from executing his duties under subsection (4), the President shall appoint another member of
Competition Appeal Tribunal to execute the duty in relation to that matter.
(6)
If the President has any interest, whether substantial or not, which may be in conflict with his duty as the President of the Competition Appeal Tribunal in a particular matter, he shall refrain from executing his duty as the President in relation to that matter.
(7)
The failure of the President to refrain from executing his duty under subsection (6) or the failure of a member to disclose his interest shall—
(a)
invalidate the decision of the Competition Appeal Tribunal unless all parties agree to be bound by the decision; and
(b)
subject the President or the member to the revocation of his appointment under section 47.
Competition 41