Business Law: Competition, Monopolies, and EU Regulations Analysis

This report delves into the realm of business law, specifically examining the concepts of monopolies, competition, and their regulatory frameworks, with a particular emphasis on EU regulations. It begins with an introduction to the core principles of business law, highlighting its role in safeguarding individuals from exploitative practices. The report then explores the practical application of these principles through a case study involving credit agreements for personal use. Furthermore, it provides a detailed analysis of anti-competitive practices and the legal bodies, such as the Competition Commission, responsible for preventing them. The report also covers the implications of a dominant market position within the EU's common market and discusses the exemptions to potentially anti-competitive practices as outlined in the Treaty of Rome. References to relevant legal frameworks, including the Competition Act 1998 and the Enterprise Act 2002, are included to provide a comprehensive understanding of the subject matter.

Business Law
Task- 3

Cover content
• Introduction
 Monopolies and anti-competitive practice
legislation
 Role of competition commission.
 Dominant position within EU common market
 EU exemptions for potentially anti-competitive
practices
 References

Introduction
Business law is all about enacting numerous of acts, orders,
amendments, rules and regulations for protecting individuals from
exploitative activities. Therefore, overall assignment is based on Ben's
case study who is engaged in credit agreements in order to purchase
vehicle for personal use. Furthermore, monopolies and anti-
competitive practice is also explained which helps in understanding the
necessary terms or conditions of agreements.

Monopolies and anti-competitive
practice legislation
Legal bodies of UK are playing crucial role in preventing anti-
competition practices. Thus, some of the major laws are described as
follows:-
 Competition act 1998
 Enterprise act 2002
 Enterprise regulatory act 2013

Role of competition commission.
Competition commission is mandatory for protecting innocent and
small companies from anti-competition market and monopolistic
because it create problem in running business entity. Thus, first or
foremost role of this association is to analyses that whether merger is
supporting in reducing the competition level.

Dominant position within EU common
market
Dominant position is a word which is denoted in European
union treaty in article 82 which indicates that “if there is any
wrongful conducts is done by organization whomsoever is
having a dominant position within common market then it
might be prohibited”. As this activity is influencing trade
between various member states of European union.

EU exemptions for potentially anti-
competitive practices
It has been identified that there are certain exemption which has been
formed considering agreement by the European commission stated in
the Article 81 (3) of the treaty of Rome. The exemption are formed
with a view to provide equilibrate benefits to organization involved
in the contract. The “Block-exemption” emphasizes upon the
balancing efforts which has been formed in specific sectors.

References
Munch, S., 2012. Improving the benefit corporation: How traditional
governance mechanisms can enhance the innovative new
business form. Nw. JL & Soc. Pol'y, 7, p.
Muchlinski, P., 2012. Implementing the new UN corporate human
rights framework: Implications for corporate law, governance,
and regulation. Business Ethics Quarterly, 22(1), pp.145-177.

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