What is Competition Law Compliance Training?
Competition law compliance is a necessary part of an organisation’s set of responsibilities. The management team of an organisation need to appreciate that they are responsible for ensuring competition law is upheld. The best way that this can be achieved is through training. Competition law compliance training can be offered to employees and work associates […]
What is a Dominant Market Position?
Related Courses A company which holds a dominant market position has the capability to work independently from its competitors and customers. A dominant position can allow a company to set prices above the competitive level for products which are not of as high quality, and in effect it can restrict competition. To be in a […]
What are Vertical Agreements and Joint Ventures?
Vertical Agreements are agreements between two or more organisations within a production or distribution chain. Joint ventures are created when two or more organisations come together with the same goal within a given market. Similarly, vertical agreements and joint ventures are both legal when they are conducted in the correct manner. However, if vertical agreements […]
What are the Exemptions from Competition Law?
There are exemptions from competition law, which are granted most commonly in the form of either individual exemptions or block exemptions. Exemptions from competition laws vary across the UK and the EU in relation to the different competition laws used. As an organisation you need to be aware of the competition laws which relate to […]
What are the Consequences for Infringing Competition Laws?
Competition law is the necessary legislative force used to ensure that businesses allow competition within the market, so that the best possible services are created. If an organisation infringes the relevant competition laws they will be subject to serious consequences, which for the UK are stated in the Competition Act 1998 and the Enterprise Act […]
What are Restrictive Agreements?
Restrictive Agreements are anti-competitive agreements decided upon between two bodies with the intent to distort the competition within the market, through either a written agreement or an oral agreement. The UK Competition Act 1998 and the Enterprise Act 2002 refer to restrictive agreements within Chapter I and establish the anti-competitive nature within these agreements, which […]
What are Invalid Agreements?
If an agreement which is created between two or more organisations includes provisions that are anti-competitive in nature and infringe upon competition law, then the agreement will be rendered invalid. Consequently, the terms of the agreement which has now been classified as invalid cannot be enforced. If an organisation in the UK persists in enforcing […]
What are Horizontal Agreements and Hardcore Cartels?
Horizontal agreements are created between two competing businesses working in the same economic market and can involve the sharing of information regarding pricing and product development, with the intention to enhance healthy competition in the market. Horizontal agreements can help business save costs and develop products faster and more effectively. However, if horizontal agreements transgress […]
What Are Competition Law Investigations?
Competition law investigations will be conducted by the nation’s relevant body which is responsible for enforcing competition laws. For example, in the UK the relevant body for conducting competition law investigations is the Competition and Markets Authority (CMA). These investigations will be conducted following the report of anti-competitive activity by either organisations or employees. Competition law investigations […]
How does Competition Law affect Businesses?
Related Courses Competition law affects businesses positively as it establishes a business culture which maintains competition, thus allowing businesses to improve and develop in order to remain a strong competitor in the field. Competition law also ensures that not one organisation in a dominant market position can abuse this position to the detriment of other […]
