Antirust Law: I Like a Little Competition

"Antitrust law is not intended to protect competing companies, it is not to protect the competition itself on behalf of the public." Politician Alfrenko's speech reveals the core of the intention of antitrust law I have to. When companies collaborate, other companies are not only plagued by the increased barriers to entry, but also consumers are forced to pay higher prices for products that may lack quality. Competition brings benefits to consumers, creates fair prices based on market supply and demand, and provides motivation to lower prices to companies and improve quality.

What is Competition Law? Many domestic regulations, including consumer law, patents and trademarks, advertising laws, etc., include corporate competition. However, there are two very specific rules when explaining the competition law in this compliance manual (and warning about the serious impact in case of violation): The important topic is merger management. Certain mergers and acquisitions require prior notice to the European Commission or other authorities to verify that the transaction may cause competition. The European Commission has approved the merger of KLM and Air France. In this manual, the problem of merger management is not explained in detail

Intercompany competition law applies to contract between independent companies. Normally, a 100% subsidiary of a company is not considered to be an independent company because it usually follows the instructions of the parent company, not automatically. Likewise, as their merger was approved by the European Commission, KLM and Air France are no longer considered to be independent companies for the purposes of competition law but constitute a single "promise" Then you can think. In this job, these companies can free the arrangement among all the arrangements they think are useful.

One of the fundamental principles of the Independent Competition Law is that competition among independent companies ultimately provides the best products or services at the lowest price to customers. Companies involved in competition need independent competition with other companies to determine competitive behavior. Competition is restricted if independence is restricted by conspiracy or implicit understanding. A. The question is whether the company decides on its own behavior. Parallel behavior is permitted as long as it is the result of independent decision making. The market environment (such as allowing small businesses to follow market leader actions) determines whether concurrent behavior can form an indicator of the presence of a cartel