A situation in a market in which firms or sellers independently strive for the patronage of buyers in order to achieve a particular business objective, e.g., profits, sales and/or market share. Competition in this context is often equated with rivalry. Competitive rivalry between firms can occur when there are two firms or many firms. This rivalry may take place in terms of price, quality, service or combinations of these and other factors which customers may value.
Source: OECD
Lawyers do funny things to words. Sometimes, of course, they need to create a technical term to cover something that doesn’t exist in ordinary parlance. “Tort” is an obvious example. Yes, you can talk about a civil wrong that has no element of contract to it but that’s a longwinded way of expressing yourself. Most…
Consumer belief in all regulation and its efficacy has taken such an enormous battering following the banking crisis that regulators have to look more like policemen and less like flunkeys if they want to be taken seriously.
In her recent Opinion in the KME case, AG Sharpston ventured a few considerations on the nature of EU antitrust decisions and on the due process requirements arising from Article 6 of the European Convention on Human Rights (ECHR) on the right to a fair trial, to be added to a growing list of signals perceptible in recent judgments of a progressive move toward a broader interpretation of the EU Courts unlimited jurisdiction and, possibly, the exercise of full appellate jurisdiction over Commission decisions imposing fines.
On the 2nd of December 2010 the Brazilian Senate approved the text of a new competition act. The draft legislation has been pending in the Brazilian Parliament since 2005, when it was proposed by the Government. After a long parliamentary debate, in December 2009 the draft law was passed by the Chamber of Representatives. The…
Co-authored by: David Little The U.K. Court of Appeal has recently rebuffed an attempt by Plaintiff’s firm, Hausfeld, to bring a collective “opt out” style action using Rule 19.6 of the CPR rules (Emerald Supplied Limited v. British Airways [2010] EWCA Civ. 1284). The claim arose from the European Commission’s investigation into the alleged air cargo…
One of the ‘novelties’ of the Guidelines on the applicability of Article 101 of the Treaty on the Functioning of the European Union to horizontal co-operation agreements, released by the Commission on Dec. 14, 2010 (“Guidelines”), is a whole new chapter devoted to exchanges of information. The Commission claims that such new section “is the…
At the end of September, the press reported briefly on the understanding reached between Apple and the European Commission. According to these reports, Apple has agreed to ending two alleged anticompetitive practices in relation to one of its flagship products, the iPhone: Apple will enable the owners of an iPhone purchased in one EU Member…
With the recent adoption of competition law statutes in East and South Asia and reforms completed or under way in Latin America, among other developments, the design – and enforcement – of competition principles for the global economy has attracted renewed interest on the part of practitioners and academics alike.
Welcome to the Kluwer Competition Law Blog. As its editor, it is a great pleasure for me to announce the launch of this new platform for the discussion of competition law developments in the EU and beyond. Our aim is to debate current competition law issues that are of interest for practitioners, companies, and scholars alike….
