By Sonakshi Das & Sanjana Sahu Editor’s Note: Insider Trading can simply be defined as Trading in the shares of a company by the person who
By Shreesha Bhatt, Shivansh Agarwal & Ashutosh Gondli, GNLU Editor’s Note: This paper deals with the enforcement of foreign judgments in India and also discusses
By Akash Mishra, WBNUJS Editor’s Note: This paper discusses the evolution of irretrievable breakdown of marriage as a ground for divorce. Irretrievable breakdown of marriage comes under
By Akash Mishra, WBNUJS Editor’s Note: Salwa Judum began in 2005 as a Government supported People’s resistance movement from the districts of Bastar and Dantewada
A cartel is a group of similar, independent companies which join together to fix prices, to limit production or to share markets or customers between themselves. An important dimension in its definition is that it requires an agreement between competing enterprises, not to compete, or to restrict competition. Therefore, the objective of a cartel is to raise price above competitive levels, resulting in injury to consumers and to the economy. This is why cartels are illegal under EU competition law and why the European Commission imposes heavy fines on companies involved in a cartel. A comparative analysis of the EU competition law with the Indian law would provide us with a better perspective on the issue.
One of the main objectives of competition or antitrust laws is to ensure that consumers pay the most efficient price coupled with the highest quality of goods and services they consume. However, when there are activities which hamper the competition, it has adverse effects not only for consumers but the economy of a nation as well. One way to hamper the competition and creating monopoly in the market is forming cartels. They allow small and inefficient competitors to join together at the expense of their customers, therefore, resulting in an antithetical relationship.
By Akash Mishra, WBNUJS Editor’s Note: The Rajya Sabha has always been considered to be a vital cog in the legislative structure of India. The 2003
By Abhishek Mohanty, WBNUJS Editor’s Note: The issue of punishment of criminals has been a well debated topic for societies since time immemorial. This has been
By Sameer Bhatt and Shrikanth Bhaskar, GNLU Editor’s Note: This paper discusses the life of Thomas Jefferson, the third President of the United States of America