Competition or Anti-trust Law

THE GREEN FACTOR


“Competition is great. And as long as it’s friendly and not a malicious thing, then I think it’s cool”. – Janet Jackson

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies, like intimidation, retaliation, denying services to certain customers because of their ethnic, sex, or racial origin.

Competition law is implemented through public and private enforcement. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds, and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks prohibiting agreements or practices that restrict free trading and competition between business. This includes in particular repression, intimidation, or actions affecting the mental or physical integrity of the members of the other competing side.

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, and refusal to deal. 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.

At a national level competition law is enforced through competition authorities, as well as private enforcement. The United States Supreme Court explained:

“Every violation of the antitrust laws is a blow to the free-enterprise system envisaged by Congress. This system depends on strong competition for its health and vigor, and strong competition depends, in turn, on compliance with antitrust legislation. In enacting these laws, Congress had many means at its disposal to penalize violators. It could have, for example, required violators to compensate federal, state, and local governments for the estimated damage to their respective economies caused by the violations. But, this remedy was not selected. Instead, Congress chose to permit all persons to sue to recover three times their actual damages every time they were injured in their business or property by an antitrust violation.”

Violation of the rights of employees, in our consideration, must be include in anti-trusts laws. Employees are selling their talents to businesses and competing against each other.

[Employees Rights Article]

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Source:  LegalMatch

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