Business Law

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Business Law
TASK 3

Introduction
Business law is the legal term which is related with the
law of contract. In this two or more parties are
contractual relationship with each other and they are
liable to follow duties and liabilities. It defines various
rules and regulation which have to be follow by the
parties.

3.1 Monopolies and anti-competitive practices
related to UK.
There is a growing concern that, government of UK
has imposed restriction on the overseas companies that
they are not able to comes in the domestic country. If
they can do so then competition of domestic companies
has been increased through which they are not able to
earn profit margin and their survival is also become
difficult with this. According to Competition act, 1999
overseas organizations are not able to enter under the
domestic country.

3.2 Role of competition commission in fair
trading of UK.
On the basis of competition act, 1999, the competition
can be maintain with the help of this factor. In order to
maintain this in a United Kingdom competition
commission play an important role in this concept. Fair
trading can be maintain with the help of this legal
authority and they are able to frame some rules and
regulation which have to be maintain by all
companies. The cases which this legal authority has
been enforceable by law.

3.3 Dominant within EU market.
Every company enjoy dominant position in the EU
market which having impact on the overall
performance of EU common market. Exploitation of
people can be reduce with the help of this concept.
Further, it is fair situation for the people in which they
are easily survive. Through this situation people can
able to feel safe from discrimination. It included
delivery of goods and services. Dominant position of
companies is play an important role in the international
market.

3.4 Exemption to the anti-competitive practices.
According to the article 102, which may include various
types of behaviour which are important for them. These
exemptions are helpful companies to meet their
standard level of expectation. Through this they are able
to attain their set of target and improve performance as
well. In the anti-competitive practices the government
of UK has imposed penalty on the overseas companies
and they restrict them to enter into the domestic
companies. Through which the competition of domestic
companies is increased in which they are not able to
perform and earn less profit margin as well.

REFERENCES
Bebchuk, L.A. and Jackson, R.J., 2011. The law
and economics of blockholder disclosure.
Bishara, N.D. and Westermann‐Behaylo, M.,
2012. The Law and Ethics of Restrictions on an
Employee's Post‐Employment Mobility. American
Business Law Journal. 49(1). pp.1-61.