Online training
Competition Law
This Competition Law course covers the fundamental principles of competition law (or antitrust law, as it is sometimes called), which aims to prevent predatory business practices by promoting fair competition and economic efficiency. The course also highlights 'red flags' — situations that present a risk of violations and legal liability, enforcement, and civil and criminal penalties associated with violations of competition law. The course is available in multiple versions adapted for regional laws and jurisdictions, including the US, EU, Canada, China, India and Russia.
Geography Covered: Global | Duration: 25 minutes
Summary
Many countries around the world, including the United States, Canada and the European Union, have enacted competition laws that make it illegal for firms to reduce competition by unfair means — for example, price fixing, bid rigging, group boycotts and agreements to allocate markets or customers. The purpose of these laws is to protect consumers from unfair business practices by ensuring the marketplace remains competitive. The presence of free and fair competition provides consumers with the highest quality goods and services at the lowest prices. If firms were allowed to use anti-competitive tactics, healthy competition would cease to exist and the market would become distorted.
A failure to comply with competition laws can result in severe financial penalties and damage to the firm’s reputation, as well as criminal and civil sanctions against the individuals involved. Firms can avoid these costly enforcement efforts by making sure all employees understand how competition laws affect their day-to-day work and how to recognize and deal with situations that present a risk of competition violations.
Try a course and see how easy it can be to keep your employees up to speed