Competition
law
Competition law, known in the United
States as antitrust law, has three
main elements:It may prohibit agreements
or practices that restrict free
trading and competition between
business entities. This includes
in particular the repression of
cartels.It may ban abusive behaviour
by a firm dominating a market, or
anti-competitive practices that
tend to lead to such a dominant
position. Practices controlled in
this way may include predatory pricing,
tying, price gouging, refusal to
deal and many others.It may supervise
the mergers and acquisitions of
large corporations, including some
joint ventures. Transactions that
are considered to threaten the competitive
process can be prohibited altogether,
or approved subject to "remedies"
such as an obligation to divest
part of the merged business or to
offer licences or access to facilities
to enable other businesses to continue
competing.
Dictionary
Index | A
| B | C
| D | E
| F | G
| H | I
| J | K
| L | M
| N | O
| P | Q
| R | S
| T | U
| V | W
| X | Y
| Z
Back
To Dictionary Homepage
