Anti-Competitive Agreements Of

The CMA and industry regulators have considerable powers to investigate allegations of anti-competitive behaviour. These powers can be used to penetrate and search commercial and private premises with an arrest warrant in the Dawn Raids. They are also entitled to impose fines on companies for which they are found to have violated competition law. Criminal penalties for the most serious infringements of competition law are prosecuted by the CMA and the UK Serious Fraud Office. Competition in a market may be limited to other than those described above. For example, there may be other types of agreements between competitors, such as price guidelines or recommendations, joint purchase or sale, setting technical or technical design standards, and the trade information exchange agreement. The CCCS will take action in the event of significant adverse effects on competition, i.e. when competition is severely hampered. In the case of price guidelines or recommendations, CCCS stated that mandatory or voluntary price recommendations and pricing rules are generally dangerous to competition and encourage all firms to set their prices independently.

A particularly serious type of anti-competitive agreement would be cartels. Agreements on cartels and abuse of dominance generally consist of setting prices, manipulating tendering procedures, dividing markets or limiting production. As a result, cartels have little or no incentive to lower prices or offer better quality goods or services. According to economic studies, cartels overload an average of 30%. There are four types of agreements: to reach an agreement or reach an agreement, there is no need for anything written. In fact, such agreements are often not implemented in writing. Nothing needs to be expressed, a «nod and wink» is enough. Supply manipulations are groups of companies that conspire to raise prices or to reduce the quality of goods or services offered in public tenders. While this anti-competitive practice is illegal, it costs governments and taxpayers in OECD countries billions of dollars each year. Competitors` conduct with respect to cartels and abuse of dominance is the most serious form of anti-competitive behaviour under Chapter I or Section 101, which is the highest. A «hardcore» cartel is a cartel that includes price fixing, market sharing, supply manipulation or limiting the supply or production of goods or services.

Persons prosecuted for cartels in the United Kingdom may be subject to imprisonment of up to five years and/or an unlimited fine. The risks associated with the party to an anti-competitive agreement or the abuse of a dominant position are serious. In addition to the above consequences, there is an additional risk to businesses in the disruption and reputation of a business, resulting from lengthy investigations or subsequent litigation by customers, competitors and consumers, as well as significant legal costs and management delays.

Posted by | View Post | View Group

You can't leave comments on this post but you can leave a trackback here: