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 are in the management of the company or are close to them on the basis of undisclosed price sensitive information regarding the working of the […]
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 the enforcement of Arbitral Awards. INTRODUCTION A decree in India, either foreign or domestic, has to be enforced under provisions of the Civil Procedure Code, […]
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 the breakdown theory where the marriage is supposed to have reached a point wherein there is complete breakdown of the institution with no scope for […]
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 in Chhattisgarh wherein the tribals were provided with ammunition and minimal training to combat the menace of naxalism. Salwa Judum in Gondi means ‘purification hunt’. […]
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 Amendment to the People’s Representation Act, 1951 dispensed with the domicile requirement for the election of members for the Rajya Sabha. This amendment was passed […]
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 debated by jurists like Hart, Anthony Flew and Stanley Benn. The broad theories of punishment are divided into consequentalist and retributivist theories. In this paper, the author […]
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 and the drafter of the Declaration of Independence. KNOWING THE SAGE OF MONTICELLO In the thick of party conflict in 1800, Thomas Jefferson wrote in […]