EU Competition Law
Competition law works to prevent agreements or practices that restrict market competition that is detrimental to the consumer. The European Commission is responsible for enforcing several laws in the EU against companies that fix prices, rig the bidding process, take advantage of their market dominance, or create monopolies through mergers and acquisitions. This course covers the specific competition laws, why they exist, how they apply to companies in the EU and the consequences of violating them. EU competition law exists to promote a healthy, competitive market.
Covered in this course:
- Purpose and enforcement of EU Competition Laws by the European Commission
- How a cartel restricts market competition
- Common types of price-fixing and bid-rigging
- How a dominant company can abuse its market position
- How potential mergers and acquisitions are reviewed for approval
- Consequences for anti-competitive behaviour in the EU