Competition law allows for fair competition to be maintained between companies and prevents companies taking part in anti-competitive behaviour.<\/p>\n
The UK is governed by UK and EU competition laws, and if it’s found that a company has engaged in anti-competitive behaviour, there can be serious consequences<\/strong>. The two common ways in which competition law can be breached is: engaging in anti-competitive agreements; abuse of a dominant market position.<\/p>\n Both can lead to fines for offending companies. An agreement that is made by companies that restricts or manipulates competition within the EU and UK can be classed as anti-competitive agreements that are prohibited by law.<\/p>\n The types of agreements can include:<\/p>\n If a company holds the dominant position within a particular market, it could act against the spirit of competition to the detriment of competitors and consumers. Just because a company does hold the dominant position does not mean it is breaching competition law, but behaviour that could breach competition law can include:<\/p>\n
\n<\/p>\nAnti-competitive agreements<\/h2>\n
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Abuse of a dominant market position<\/h3>\n