Anti Competitive AgreementsAnti Competitive Agreements • April 23rd, 2020
It is provided under Section 3(1) of the Competition Act that no enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition. Section 3(2) further declares that any anti Competitive agreement within the meaning of sub-section 3(1) shall be void. Under the law, the whole agreement is construed as ‘void’ if it contains anti-competitive clauses having appreciable adverse effect on competition. Section 3(3) provides that following kinds of agreements entered into between enterprises or association of enterprises or persons or associations of persons or person or enterprise or practice carried on, or decision taken by any association of enterprises or association of persons, including “cartels”, engaged in identical or similar goods or services which –
Anti-competitive Agreements: the meaning of “agreement”Anti-Competitive Agreements • February 13th, 2013
* Edward Cornell Professor of Law and Professor of Economics, Cornell University, Ithaca, NY USA. The author is grateful to several Cornell Law School students, especially Colin McKeon and Briana Serano, for assistance in preparing this chapter.
CartelsAnti-Competitive Agreements • June 17th, 2024
Anti-Competitive AgreementsAnti-Competitive Agreements • April 10th, 2021
ANTI-COMPETITIVE AGREEMENTS AMONGST MEDICAL PROFESSIONALSAnti-Competitive Agreements • January 1st, 2018
Health systems around the world find themselves facing same fundamental question .i.e. how to deliver access to health care services to the larger section of population while improving quality of care and controlling costs. Greater competition has often been proposed as a solution.2 Competition serves as an instrument to stimulate organisations within the system to become more efficient and responsive to consumer preference. It leads to extracting more value from the available resources3. Thus, through competition, the primary goal is to reduce cost of the goods and services along with improvement in their quality and output.4
ONAnti-Competitive Agreements • March 6th, 2017
ANTI COMPETETIVE AGREEMENTS UNDER COMPETITION ACT 2002 BY AMAN SRIVASTAVAAnti-Competitive Agreements • May 9th, 2015
With the dynamic trends in today’s extremely competitive economic market scenario, the emergence of an altogether new age of competition laws in India has been one of the utmost important changes which had been hitherto nonexistent. The factors such as India’s changed and overhauled economic policies, removal of trade barriers and all the pro-trade changes, almost instantly led to a paradigm shift in the Indian economic market sphere. This concerned the authorities as it conferred upon them a responsibility to regulate the market forces. Thus, it was necessary for the legislature to make such laws which would ensure fair competition for the benefit of consumers and smooth functioning of market, and though still not impose complete arbitrary external regulation by legislation. Thus with this view, Competition Act, 2002 was brought about after a couple of amendments after its predecessor the MRTP Act, was repealed.
ANTI-COMPETITIVE AGREEMENTS VIS-A-VIS MERGERS AND ACQUISITIONS - A COMPARISON BETWEEN INDIA, US AND EUAnti-Competitive Agreements • December 9th, 2021
Every country needs to carefully monitor marketplace competition to ensure that it does not devolve into unfair competition. Only when a country has a strict Competition Law can it exert control over the market's exploitative dynamics. However, a country's strict competition legislation should encourage fair market competition, which would enable every market participant survive in the market.
ANTI-COMPETITIVE AGREEMENTSAnti-Competitive Agreements • February 14th, 2023
In a constantly evolving economic scenario, the need for enactment of competition laws became apparent, The Competition Act of 2002 has been implemented to promote competition and ensure freedom of business. One of the major objectives of the competition act is to ensure that the concentration of economic power does not reside in the hands of a few affluent business houses.
BENEFITS OF COMPETITION • Broad agreement that market competition leads to better outcomes for consumers. – Lower prices – Wider choices – Better quality – Higher Output – Better service – Improved efficiency – Innovation. PROHIBITED AGREEMENTSAnti-Competitive Agreements • April 10th, 2021
No Enterprise or Association of Enterprises or Person or Association of Persons shall enter into agreement which causes or is likely to AAEC (S 3(1))
ANTI-COMPETITIVE AGREEMENTS UNDER THE COMPETITION ACTAnti-Competitive Agreements • July 24th, 2019
