- Why are anti-competitive practices prohibited?
- What is a horizontal agreement?
- Which of the following is an example of an anti-competitive agreement?
- Which of the following is not considered as anti-competitive agreement in the Competition Act 2002?
- Who enforces EU competition law?
- Is anti-competitive illegal?
- What is substantially lessening competition?
- What are the main features of Competition Act 2002?
- What is the anti-competitive agreement?
- What is the importance of Competition Act 2002?
- What is the preamble to the Competition Act?
- What does Article 101 Prohibit?
- What does Article 102 Prohibit?
- What is the purpose of competition law?
- What is exploitative abuse?
- What makes a competition unfair?
- What Cannot be acquired as per the Competition Act 2002?
- What are the two types of anti-competitive agreements?
Why are anti-competitive practices prohibited?
In conclusion, anti-competitive behaviour is illegal because it is unfair to limit competition in a market.
If you are concerned because a competitor is participating in anti-competitive behaviour, seek legal advice from a commercial lawyer..
What is a horizontal agreement?
Horizontal agreements are restrictive agreements between competitors that operate at the same level of the production/distribution chain. … The most significant and common types of anti-competitive horizontal agreements include price fixing, bid-rigging, market allocation/sharing and refusal to deal (group boycotts).
Which of the following is an example of an anti-competitive agreement?
Examples of anti-competitive agreements include: Price-Fixing — Competitors collude with one another to fix prices of goods or services, rather than allow prices to be determined by market forces. bid prices. HORIZONTAL AGREEMENTS are those entered into by and between two (2) or more competitors.
Which of the following is not considered as anti-competitive agreement in the Competition Act 2002?
The ‘per se’ rule as applicable for horizontal agreements does not apply for vertical agreements. Hence, a vertical agreement is not per se anti-competitive or does not have an appreciable adverse effect on competition.
Who enforces EU competition law?
Under this Article, the European Commission is charged with the duty of ensuring the application of Articles 101 and 102 TFEU and of investigating suspected infringements of these Articles. The European Commission and national competition authorities have wide on-site investigation powers.
Is anti-competitive illegal?
It is unlawful for a company to monopolize or attempt to monopolize trade, meaning a firm with market power cannot act to maintain or acquire a dominant position by excluding competitors or preventing new entry. … A company violates the law only if it tries to maintain or acquire a monopoly through unreasonable methods.
What is substantially lessening competition?
Substantial lessening of competition It is not illegal to have market power or to use it. … there [must] be a purpose, effect or likely effect of the impugned conduct on competition which is substantial in the sense of meaningful or relevant to the competitive process.
What are the main features of Competition Act 2002?
Two of the main features of the Competition Act, 2002 is the framework it provides for the establishment of the Competition Commission, and the tools it provides to prevent anti-competitive practices and to promote positive competition in the Indian market.
What is the anti-competitive agreement?
Anti-competitive agreements are agreements among competitors to prevent, restrict or distort competition. Section 34 of the Competition Act prohibits agreements, decisions and practices that are anti-competitive. A particularly serious type of anti-competitive agreement would be those made by cartels.
What is the importance of Competition Act 2002?
The Competition Act, 2002 was enacted to provide for the establishment of a Commission to prevent practices having adverse effect on competition, and to promote and sustain competition in the business environment and to protect the interest of consumers and also to ensure freedom of trade carried on by other …
What is the preamble to the Competition Act?
An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other …
What does Article 101 Prohibit?
Article 101 prohibits agreements that have as their object or effect the restriction, prevention or distortion of competition within the EU and which have an effect on trade between EU member states. … Guidance on the enforcement of EU competition law under Regulation 1/2003 is also provided.
What does Article 102 Prohibit?
Article 102 of the Treaty on the Functioning of the European Union (TFEU). This prohibits any abuse by one or more undertakings of a dominant position within the internal market or in a substantial part of it, as incompatible with the internal market in so far as it may affect trade between EU member states.
What is the purpose of competition law?
A core objective of competition law is to prohibit firms for engaging in conduct which will distort the competitive process and harm competition by, for example, preventing firms from indulging in anti-competitive agreements, preventing firms with a powerful position on a market from abusing their market power, or …
What is exploitative abuse?
Exploitative abuses under EU competition law In particular, Article 102 TFEU provides that an abuse may consist of “directly or indirectly imposing unfair purchase or selling prices or other unfair trading conditions,” for example, through excessively high prices.
What makes a competition unfair?
Unfair competition occurs when another company uses wrong or deceptive business practices to gain a competitive advantage. The major category of unfair competition relates to intentional confusion of customers as to where the product came from, while the secondary category relates to unfair trade practices.
What Cannot be acquired as per the Competition Act 2002?
An acquisition of assets, referred to in sub- clause (i) or sub-clause (ii) of clause (a) of section 5 of the Competition Act, 2002, not directly related to the business activity of the party acquiring the asset or made solely as an investment or in the ordinary course of business, not leading to control of the …
What are the two types of anti-competitive agreements?
UK and EU competition law prohibit two main types of anti-competitive activity:anti-competitive agreements (under the Chapter I / Article 101 prohibitions); and.abuse of a dominant market position (under the Chapter II / Article 102 prohibitions).Dec 1, 2020