Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies, and it is implemented through public and private enforcement.
Competition law is also known as antitrust law or anti-monopoly law. Competition law has three main elements:
- Prohibiting agreements or practices that restrict free trading and competition between business. This includes in particular the repression of free trade caused by cartels.
- Banning abusive behavior by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing, tying, price gouging, refusal to deal, and many others.
- Supervising the mergers and acquisitions of large corporations, including some joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether, or approved subject to "remedies" such as an obligation to divest part of the merged business or to offer licenses or access to facilities to enable other businesses to continue competing.
We provide service of representation of corporate clients before national anti trust authority.