Monopolies and Anti-competitive legislation

BUSINESS LAW

Monopolies and Anti-competitive legislation
Some of the specific legislation which currently operate to in
the nation to govern anti-competitive and monopolistic
practices are:
 The Competition Act 1998
The statute was enacted to prohibit formation of cartel, abuse
of dominance and other concerted practices in the form of
price fixing, term fixing and carving up (Hang and Nairn,
2014).
 The Enterprise Act, 2002
The act purported to amend the Competition Act and further
strengthen the position as well as powers to regulate the
operations of the market. The Act also specifically provides
for assessment of mergers, criminalization of cartels.

 Restrictive Trade Practices Act 1976
This statute has been enacted for dealing with agreements which
have the effect of restricting individuals or entities to freely compete
with each other.
 Fair Trading Act 1973
This act specifically regulates the mergers and the activities in the
nature of abusing the monopoly power being exercised by an
organization in the market.
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