By Harshini Jhothiraman Editor’s Note: Regulatory mechanisms in every country work perfectly until before they overlap each other resulting in a conflict of laws. Ironically, international laws have attempted and failed in trying to harmonize the extraterritorial application of competition laws in resolving disputes. The efforts of the WTO in resolving […]
By Sumit Kumar Suman, CNLU INTRODUCTION Pure competition is a market situation where there is a large number of independent sellers offering identical products. It means it is a term for an industry where competition is stagnant and relatively non-competitive. Companies within the pure competition category have little control of […]
Subhadeep Ray Choudhury School of Law, KIIT University “Editor’s Note: The paper deals with the aspects of the Indian Competition Act, 2002 specifically with the concept of Exclusive Dealership Agreements in the Indian context as compared with the same in the European Union.” ABSTRACT In this multifaceted world of cosmic […]
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.