Day-to-Day Competition Law: A Pratical Guide for BusinessesCompanies today must consider and comply with competition law in their daily business management. The financial and reputational risks for breaching such rules are severe and the success of many merger and acquisition projects depends very much on it. While competition law rules become increasingly sophisticated, business people are still expected to comply with it. Rather than giving a theoretical approach that can be found in a typical practitioner’s book or textbook, «Day-to-Day competition law: a practical guide for businesses» is genuinely a practical book. The interaction between theory and practice is the main feature of the book. Major competition law issues are explained in a jargon-free manner and summarized in a nutshell at the end of each chapter. Not only will the reader gain an understanding of competition law rules, but also will gain a better understanding on how a company can behave and what to do if it is subject to an investigation by the competition authorities. This practical guidance may serve as a platform for designing internal in-house rules governing behaviour in relation to competition law, and may also trigger a revision of such rules in light of some of the issues raised by the authors. While a particular focus is drawn on the EU – as the EU competition law system is replicated in a large number of countries around the world – reference to differing rules and other key jurisdictions such as the United States is also made. This book is written to appeal to business people, as well as non-specialized in-house lawyers, and all those who wish to understand competition law in a clear and practical way. The authors’ experience in the field of competition law ranges from leading investigations on behalf of competition authorities to applying competition law in a major global company in its daily activities, and advising multinational clients of one of the world’s leading law firms. It is this professional insight which provides the reader with an invaluable inside view of all aspects of competition law, from the way authorities think to the impacts competition law has on businesses. |
Common terms and phrases
abuse of dominance acquisition anti-competitive clause anti-competitive effects anti-competitive practices antitrust apply assessment authorisation avoid behaviour bikes block exemption regulation cartel Chapter clients collusive commercial commitments company’s competition authorities competition law competitors compliance comply conduct considered consumers contracts cooperation costs countries courts customers dawn raid decision difficult discussed distributors documents dominant company dominant position economic upsides economists efficiencies employees enforcement ensure European Commission European Commission’s European Union example exchange information exchange of information fines firm illegal imposed information exchange infringement investigation involved joint venture lawyers leniency programmes limit manufacturer market leader market power market share merger control regime million monopoly notifiable transactions parent companies particular possible potential practice predatory pricing price increase prohibited purchase Rambus rebates refusal to supply relation relevant market resale price maintenance restrictive clause retailers risk RPM agreement rules Section sell supplier third party thresholds trade turnover vertical agreements