Monopolies and Anti Competitive Practices Legislation in the UK

Business Law
Task 3

Introduction
Business law or corporate law is also known as commercial law. It
is the part of the law that is applied to the rights, relations, conduct
of person and to the business that is engaged in commerce, trade
and sales. It deals with the private laws as well as with the public
law. Laws are formed to provide protection to the customer and to
the market.

3.1 The monopolies and anti competitive practices legislation in the UK
Competition is the important part for any country, it helps the country in many ways as it provides
the economic growth to the country. It also provides benefits to the customer as reduction in price.
The competition law has following main sources as:
Article 81-
It covers the anti competitive agreement.
Such agreements are prohibited by the competition law.
It destroys the competition among the member state of EU.
Article 82-
It prohibits the abuse of dominant position.
It eliminates unfair discrimination conditions.

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Monopolies- It is the serious terror to the UK market. Firm that have 25% share in the market,
covered under this. When there is merger of two company then investigation are made by the
monopolies and merger commission to check that is it creating monopoly.
The legislation in UK:
Competition Act 1998
It provides provision of anti competitive practice. Such provisions are based upon the Article 81
and Article 82 of treaty of ROME 1957.
The Enterprise Act 2002
Enterprises make changes in the competition laws of UK. It provides various laws to strengthen
the competition laws.