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 ?
Between January and September 2016, the three firms had an anti-competitive agreement preventing the two suppliers from actively targeting one another's customers through face-to-face sales.
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.
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.
- Admission of illegality: Aspen admits it was party to an illegal, anti-competitive agreement, by way of settlement.
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
The FTC alleged that the company entered into a 1997 anti-competitive agreement with generics manufacturer Upsher-Smith Laboratories Inc.