concerted practice

concerted practice

a situation defined by European Union and UK competition law as one where rival firms, without engaging in formal COLLUSION (See ANTI-COMPETITIVE AGREEMENT), nonetheless informally coordinate their behaviour in respect of selling prices and discounts, and engage in market-sharing and joint capacity adjustments.

Under the EU's Article 85 of the Treaty of Rome and the UK's COMPETITION ACT, 1998 concerted practices are prohibited outright. See COMPETITION POLICY (EU), COMPETITION POLICY (UK).

concerted practice

a situation defined by European Union and UK competition law as one where rival firms, without engaging in formal COLLUSION (see ANTI-COMPETITIVE AGREEMENT), nonetheless informally coordinate their behaviour in respect of selling prices and discounts, and engage in market-sharing and joint capacity adjustments.

Under the EU's Article 85 of the Treaty of Rome and the UK's COMPETITION ACT 1998, concerted practices are prohibited outright. See COMPETITION POLICY (EU), COMPETITION POLICY (UK).

References in periodicals archive ?
Any agreement entered into between persons or enterprises, decision by associations of persons and enterprises (including cartels) or concerted practice, which has as its object or effects the prevention, restriction or distortion of competition is prohibited under competition law.
iRELAND'S Shane Lowry reaped the rewards of concerted practice by equalling the course record with a stunning 62 in the first round of the Abu Dhabi HSBC Championship.
In 2009 the CPC slapped a e1/442.9m fine on four companies, having found that they had engaged in "concerted practice", a term denoting the informal and tacit understanding between firms to influence the conduct of the market.
The Commission has alleged that Penguin has been involved in an 'anti- competitive concerted practice' as revealed through its proposed commitments, adding that these commitments need to be 'market-tested' and then legalized as has been the case with the aforesaid publishers.
The inquiry first came to light in September last year after JJB Sports approached the Office of Fair Trading over a "suspected agreement or concerted practice to dampen competition in the sports retail market".
The inquiry first came to light in September last year after JJB Sports approached the Office of Fair Trading (OFT) over a "suspected agreement or concerted practice to dampen competition in the sports retail market".
The Netherlands Competition Authority ruled that the companies had entered into a concerted practice and imposed a [euro]88 million (almost $129 million) fine.
JJB approached the OFT on January 30 over a "suspected agreement or concerted practice" to dampen competition in the sports retail market" between June 8 2007 and March 25 this year - the period that former chief executive Chris Ronnie was at the business.
JJB approached the OFT on January 30 over a "suspected agreement or concerted practice to dampen competition in the sports retail market" between June 8 2007 and March 25 this year - the period that former chief executive Chris Ronnie was at the business.
JJB said it related to an "agreement or concerted practice to dampen competition in the sports retail market" dating back to June 2007.
Mr Justice Morgan ruled that Coral, Ladbrokes, William Hill and Betfred had not committed an unlawful, concerted practice in refusing to purchase TurfTV.
"The European Commission can confirm that it has sent a statement of objections to E.ON, E.ON Ruhrgas and Gaz de France, concerning their alleged agreement or concerted practice to keep out of each other's home market for the supply of gas," the commission said.