Understanding competition law is an important part of running any type of business. You need to know the rules to avoid breaking them and to be protected from the anti-competitive behaviour of others. There are heavy penalties for being found to be in breach of regulations.
The law aims to promote healthy competition and prohibits anti-competitive agreements between businesses, including agreements between firms to fix prices and terms of trade. It also provides extra powers to protect competition, and this includes the prevention of mergers if they reduce competition and the investigation of uncompetitive markets - which can be referred to the Competition Commission.Last Updated
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Competition law
Competition law
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Competition law
