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
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.
Antitrust Essentials (US)
Explains the fundamental principles of US antitrust laws and offers essential training for employees of organizations that are located in or do business in the US
Competition Act (Canada)
Explains the fundamental principles of Canada’s Competition Act and offers essential training for employees of organisations that are located in or do business in Canada.
Competition Law (APAC)
Explains the fundamental principles of Asia-Pacific competition law (sometimes known as “antitrust" or “anti-monopoly” law), which encourages vigorous competition between firms by prohibiting predatory and anti-competitive agreements and practices. The course highlights "red flags" — situations that may indicate a competition law violation and result in substantial civil and criminal penalties. The course also contains additional detail about the competition laws of Australia, China, Hong Kong, Japan, and Singapore.
Competition Law (Australia)
This course explains the fundamental principles of the Australia’s competition laws and offers essential training for employees of organisations that are located or do business in Australia.
Clifford Chance: China Competition Law
Covers the competition laws that apply in the People’s Republic of China (PRC), including the PRC Anti-Monopoly Law, PRC Price Law, PRC Price Control Regulations, Interim Provisions on Preventing Price Monopoly, PRC Law on Invitation and Submission of Bids, Interim Provision on Prohibition of Collusion in Public Tender, PRC Interim Rules on Preventing Exorbitant Profits, Anti-Unfair Competition Law, and Regulations on Merger and Acquisition of Domestic Enterprises by Foreign Investors (M&A Rules)
Competition Law (European Union)
This course explains the fundamental principles of the EU’s competition law and offers essential training for employees of organisations that are located or do business in Europe.
Clifford Chance: India Competition Law
Covers the competition laws that apply in India, including the Competition Act, 2002; Consumer Protection Act, 1986; provisions of the Companies Act, 1956; and provisions on the Indian Contract Act, 1872
Clifford Chance: Russia Competition Law
Covers the sources of Russian competition laws, including the Constitution of the Russian Federation (specifically, sec. 1 art. 8 and sec. 2 art. 34), Federal Law “On the Protection of Competition”, civil legislation (general clauses, intellectual property), Trade Law, legislation on natural monopolies (such as the Law on Natural Monopolies, Law on Electric Energy Industry and Law on Gas Supply) and on certain types of monopolies (such as the Law on Gas Exports and Law on Precious Metals and Stones), industry-specific laws (such as the Land Code, Water Code and Subsoil Law), regulatory legal acts of Government on competition matters and of the Russian Federal Antimonopoly Service (FAS)
Clifford Chance: Japanese Competition Law
Covers the competition laws that apply in Japan
Canadian Competition Law
This course explains the fundamental principles of Canadian competition law and helps employees recognize and appropriately deal with "red flags." It is an essential training for employees of organizations that are located or do business in Canada.
Content for the Thomson Reuters MicroLearning Suite is powered by world-leading regulatory intelligence, which tracks over 500 regulators and exchanges globally.
Intended as a supplemental solution to our 800+ customizable compliance training course library, this learning suite changes the approach to online Competition Law compliance training, from a ‘once-a-year’ event to a steady flow of interesting and informative trainings that reinforce both the ‘tone from the top’ and an organization’s core values.