Amidst this pandemic, businesses are being forced to either adjust or realign their response. While it is natural for companies to explore innovative means, they must remain cautious of abiding by the competition laws.
Competition law prohibits collaboration between competitors to fix prices, restrict output, allocate markets/customers and rig bids, also called ‘cartel agreements’. These are often ascribed debasing sobriquets such as the ‘ultimate evil of antitrust’. The law prohibits an abuse of position via unfair prices or conditions for sale of goods and services.
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Vaibhav is heading the Firm’s Competition Law Practice and has been practicing competition law since its inception in India. He focuses on complex enforcement/ litigation and merger control cases and represents and advises clients on a broad range of competition law issues spanning across several sectors.