Keeping up with the competition

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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