Competition law compliance—post-training assessment answers


Published by a UUÂãÁÄÖ±²¥ Risk & Compliance expert
Precedents

Competition law compliance—post-training assessment answers


Published by a UUÂãÁÄÖ±²¥ Risk & Compliance expert

Precedents
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QuestionCorrect answer
1. Competition law protects business and consumers from anti-competitive behaviour, and Safeguards effective competitionTrue
2. What are the consequences of breaching competition law?Heavy fines, prison sentences, director disqualifications, and reputational damage.
3. What are the three main contexts in which competition law may become an issue
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Jurisdiction(s):
United Kingdom
Key definition:
Competition law definition
What does Competition law mean?

means the national and directly effective supra-national legislation of any jurisdiction which governs the conduct of companies or individuals in relation to restrictive or other anti-competitive agreements or practices and the control of acquisitions and mergers (including, but not limited to, the Chapter I and Chapter II prohibitions under the Competition Act 1998, the prohibitions in Article 101 and Article 102 TFEU and the cartel offence in Part 6 of the Enterprise Act 2002, as amended) and includes reference to antitrust law as appropriate

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