Competition Law in the World

The World Trade Organization (WTO) arising from the Uruguay Round and (GATT) denial of 1986-94, a possible forum and a look for multilateral competition rules agreement, for its wide range of members and the success of the dispute resolution mechanism It was done. In 1996, the European Community proposed restricting WTO competition rules at the WTO Singapore Conference. This proposal was based on a report proposed by the team appointed by the European Competition Commission in 1995.

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 M & A will require prior notice to the European Commission or other authorities to ensure that the transaction is likely to 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 to the customer at the lowest price. 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