释义 |
competition law The branch of law concerned with the regulation of anticompetitive practices, restrictive trade practices, and abuses of a dominant position or market power. Such laws prohibit cartels and other commercial restrictive agreements. In the UK the Competition Act 1998 and Enterprise Act 2002 contain the legislative provisions. Throughout the EU, Articles 101 and 102 of the Treaty on the Functioning of the European Union and regulations made under those provisions contain the legal rules in this area, which constitute EU competition law. EU directive 93/13, which was made part of UK law by the Consumer Rights Act 2015, gives victims of breach of competition law the right to group litigation. In the USA competition law is known as antitrust law. |