By Barry Rodger, Angus MacCulloch
Festival legislation, at either the EC and united kingdom degrees, performs a huge and ever expanding function in regulating the behavior of companies. festival legislation can have an effect on company contracts, take-overs and mergers, co-ordinated activities, pricing behaviour and, additionally, kingdom subsidies. companies now require graduates to pay attention to the importance and impact of the provisions of EC and united kingdom pageant legislations. the elemental tenets of pageant legislations have proved obscure, examine and observe with self belief. This ebook seeks to therapy this by way of supplying a transparent consultant and description of the overall rules in the back of, and the most provisions of, group and united kingdom pageant legislations. The established framework during which info is gifted makes this publication consumer pleasant. festival legislations in thought of in context, thereby helping knowing for newbies to what could be a complicated topic, and the incorporation of a word list of important terminology and sections on dialogue and extra analyzing on the finish of every bankruptcy make this publication vital. the second one version has been considerably revised to include a couple of fresh vital advancements in EC and united kingdom festival legislations. the main remarkable inclusions are the White Paper on Modernisation and next Draft legislation, the Vertical Agreements law and the improvement of coverage and perform with regards to the united kingdom pageant Act 1998. often, the publication has been up to date to think about newer examples of pageant legislation in perform and the concluding bankruptcy offers readers with a great origin to keep on with advancements in an ever-changing sector of industrial legislation.
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Extra info for Competition Law and Policy in the ECand UK (2001)
Judicial review of the Commission’s recommendation and Secretary of State’s decision was successful in Interbrew SA v Competition Commission and Secretary of State for Trade and Industry, High Ct QBD, 25 May 2001. See, British Sky Broadcasting Group plc and Manchester United plc: A Report on the Proposed Merger, Cm 4305, 1999 and DTI Press Release, P/99/309, 9 April 1999. See Commission Decision (1997/816/EC) Case IV/M877 Boeing/McDonnell Douglas, L336/16, 1997. See, Commission Press Release, ‘Commission gives conditional approval to AOL/Time Warner merger’ IP/00/1145, 11 October 2000.
In everyday use, cartel signifies a group of conspirators pooling their production resources. Readers may be aware of the OPEC oil cartel as an example of such behaviour. 7 The main competitive concern is that a group of producers will conspire or agree to act together and in effect possess the same unified threat to the market as a monopolist. Mergers This covers the situation where two companies, and their respective shareholders, have agreed on some form of union between them. It also includes hostile take-overs, where the take-over by a ‘predator’ company has been resisted.
Competition law and policy therefore has a direct impact upon all our daily lives. Monopoly This concept could be more readily associated with the pre-privatisation nationalised industries such as British Gas and British Telecom. 13 Cartels The most obvious examples in a UK context concern agreements to fix prices of two products, books and drugs. The Net Book Agreement (NBA) raised particular controversy in 1995. The NBA was a long standing agreement by book publishers to set prices for their titles for up to six months after their publication.