competition law

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competition law

a body of legislation providing for the control of monopolies/ market dominance, mergers and takeovers, anti-competitive agreements/restrictive trade agreements and anti-competitive practices. UK legislation aimed at controlling ‘abusive’ MARKET CONDUCT by monopolistic firms and firms acting in COLLUSION was first introduced in 1948 (The Monopolies and Restrictive Practices (Inquiry and Control) Act), while powers to control undesirable changes in MARKET STRUCTURE were added in 1965 (The Monopolies and Mergers Act). Other notable legislation concerning the control of collusion were the Restrictive Trade Practice Acts of 1956,1968 and 1976.

Current competition law in the UK is contained in a number of Acts:

FAIR TRADING ACT, 1973, ENTERPRISE ACT, 2002, (applying to mergers and takeovers) COMPETITION ACT, 1980 (applying to anti-competitive practices) COMPETITION ACT 1998 (applying to monopolies/market dominance and anti-competitive agreements/restrictive trade agreements) RESALE PRICES ACTS, 1964,1976 (applying to resale price maintenance) These laws are currently administered by the OFFICE OF FAIR TRADING and the COMPETITION COMMISSION (formerly the MONOPOLIES AND MERGERS COMMISSION). See also RESTRICTIVE PRACTICES COURT.

In the EUROPEAN UNION, competition law is enshrined in Articles 85 and 86 of the Treaty of Rome (1958) and the 1980 Merger Regulation. These laws are administered by the European Commission's Competition-Directorate. See COMPETITION POLICY, COMPETITION POLICY (UK), COMPETITION POLICY (EU) COMPLEX MONOPOLY.

competition law

a body of legislation providing for the control of monopolies/ market dominance, mergers and takeovers, anti-competitive agreements/restrictive trade agreements and anti-competitive practices. UK legislation aimed at controlling ‘abusive’ MARKET CONDUCT by monopolistic firms and firms acting in COLLUSION was first introduced in 1948 (The Monopolies and Restrictive Practices (Inquiry and Control) Act), while powers to control undesirable changes in MARKET STRUCTURE were added in 1965 (The Monopolies and Mergers Act). Other notable legislation concerning the control of collusion were the Restrictive Trade Practice Acts of 1956, 1968 and 1976.

Current competition law in the UK is contained in a number of Acts:

FAIR TRADING ACT 1973

(applying to mergers and takeovers)

COMPETITION ACT 1980

(applying to anti-competitive practices)

COMPETITION ACT 1998

(applying to monopolies/market dominance and anti-competitive agreements/restrictive trade agreements)

RESALE PRICES ACTS 1964, 1976

(applying to resale price maintenance)

ENTERPRISE ACT 2002

(applying to mergers/takeovers and anticompetitive agreements) se laws are currently administered by the OFFICE OF FAIR TRADING and the COMPETITION COMMISSION (formerly the MONOPOLIES AND MERGERS COMMISSION).

See alsoRESTRICTIVE PRACTICES COURT.

In the EUROPEAN UNION, competition law is enshrined in Articles 85 and 86 of the Treaty of Rome (1958) and the 1980 Merger Regulation. These laws are administered by the European Commission's Competition Directorate. See COMPETITION POLICY, COMPETITION POLICY (UK), COMPETITION POLICY (EU), COMPLEX MONOPOLY.

References in periodicals archive ?
Proponents of the bill were concerned that Mexico's weak anti-trust laws were helping foment monopolies in telecommunications, cement, and other sectors.
In October 2006, New York outdoor advertising company OTR Media Group filed suit claiming a violation of State anti-trust laws -- by contending that the City's local law restricting certain outdoor media in combination with its 20-year contract with Cemusa, will injure the free-market for outdoor advertising by reducing the number of signs available to rent and thereby pushing up the cost of advertising -- particularly for government owned signs.
Jackson, who gave his ruling in Washington, concluded two months ago that Microsoft had violated US anti-trust laws.
For too long, SBC has been able to play both sides of the anti-trust fence, saying it is a competitive company but also arguing that it can't be sued under state anti-trust law when it interferes with competitors.
According to the notices, the Commissioner is considering the possibility of bringing each of the subsidiaries to trial for offences under the Anti-Trust Law, 5748-1988, concerning actions allegedly taken by them, in various matters in the fields of public switching.
Berkowitz has acted as an international corporate advisor on matters that pertain to corporate structure and governance, transfer pricing, EEC anti-trust law, mergers and international syndication.
CytoLogix's claims for damages in relation to patents '061 and '693, claims of anti-competitive practices and violations of anti-trust law, as well as its claims under the '261 patent case recently filed in Delaware, are pending.
There are fears that the company could have violated anti-trust laws.
In addition to its Answer, Encore filed a counterclaim alleging that RaceTech violated anti-trust laws and engaged in a conspiracy with other named entities to deprive Encore of access to historical horseracing data.
CRH is expected to acquire assets under anti-trust laws that are conditional ona [euro]42bn (PS30bn) merger between industry heavyweights Holcim and Lafarge.
Industry experts say automakers have too much leverage over car dealers and auto part suppliers in China, enabling them to control prices, considered as a violation of the country's anti-trust laws.
TELMEX owner billionaire Carlos Slim Helu has long sought to enter the broadcast television industry, but anti-trust laws and resistance from Televisa and Grupo Azteca have prevented his companies from participating (SourceMex, March 2, 2011, and May 8, 2013).