anti-competitive agreement

anti-competitive agreement

a form of COLLUSION between suppliers aimed at restricting or removing competition between them. For the most part such agreements concentrate on fixing common selling prices and discounts but may also contain provisions relating to market-sharing, production quotas and coordinated capacity adjustments. The main objection to such agreements is that they raise prices above competitive levels, impose unfair terms and conditions on buyers and serve to protect inefficient suppliers from the rigours of competition. In the UK, anti-competitive agreements are prohibited by the COMPETITION ACT, 1998.

anti-competitive agreement

a form of COLLUSION between suppliers aimed at restricting or removing competition between them. For the most part, such agreements concentrate on fixing common selling prices and discounts but may also contain provisions relating to market-sharing, production quotas and coordinated capacity adjustments. The main objection to such agreements is that they raise prices above competitive levels, impose unfair terms and conditions on buyers and serve to protect inefficient suppliers from the rigours of competition. In the UK, anti-competitive agreements are prohibited by the COMPETITION ACT 1998. See also RESTRICTIVE PRACTICES COURT.
References in periodicals archive ?
The CMA stated that both companies had broken competition law by machinating to reach the anti-competitive agreement, and Actavis UK had "abused its dominant position by inducing Concordia to delay its independent entry into the market.
On this basis and following a fact finding investigation in 2012, the Commission will look at whether such a provision amounts to an anti-competitive agreement which is barred under EU rules.
in 2008 for $US161 million as part of an anti-competitive agreement with regulators that allowed Abitibi-Consoldiated Inc.
The act of these cement companies in limiting and controlling supplies in the market and determining prices through an anti-competitive agreement is not only detrimental to the cause of the consumers but also to the whole economy," the CCI said in the statement.
But, said Becket McGrath, a competition lawyer at Edwards Angell Palmer and Dodge, if there were a bylaw and everyone complied, there was no anti-competitive agreement.
Another LCA, 1Time, has complained that Comair and Lanseria have an anti-competitive agreement that blocks it from launching flights at the airport.
In a letter to US senators Barack Obama and John McCain, Sir Richard said that the solution to the problems of airlines "should not lie in an anti-competitive agreement which will inevitably lead to less competition and higher fares".
Eugene Melnyk, chairman of the board, commented, "The FDA's approval has been granted despite the anti-competitive agreement between Mylan Pharmaceuticals and Pfizer, Inc.
35 of the Competition Act provides that the "Commission shall develop a Leniency Program to be granted to any entity in the form of immunity from suit or reduction of any fine which would otherwise be imposed on a participant in an anti-competitive agreement provided in Section 14(a) and 14(b) of this Act in exchange for the voluntary disclosure of information regarding such an agreement which satisfies specific criteria prior to or during the fact-finding or preliminary inquiry stage of the case.
He added: "Airlines everywhere are struggling with the current price of oil, but the solution to their problems should not lie in an anti-competitive agreement.
Airlines are struggling, but the solution should not lie in an anti-competitive agreement
It alleged an anti-competitive agreement was in place discouraging retailers wanting to defect from Costcutter to the group.