Antitrust and Trade Regulation Law



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Antitrust law is based on the notion that the economy functions best when competitors have limits for permitted activities. It is a philosophy that favors the free market, but places reasonable limits on the activities of businesses participating in the marketplaces. Activities governed by antitrust laws include preventing monopolies, setting pricing limitations, prohibiting predatory practices, controlling mergers, and ensuring truth in advertising. Related areas of the law include consumer protection, torts (wrongful interference, slander, etc.), intellectual property, employment, and contracts.

Encourages Business and Better Prices

Antitrust laws attempt to encourage competition and to promote the production of quality goods and services at the lowest prices for consumers. The principal goal of antitrust law is to protect public welfare by ensuring that consumer demands are met by the manufacture and sale of goods at sensible prices. To reach those aims, antitrust law is legislated by the federal and state governments to control trade and commerce by preventing unlawful restraints, price-fixing, and monopolies.

Monopolies

To meet the aims of fair competition and reasonable pricing, one of the biggest focuses of antitrust legislation relates to monopolies. Anti-monopoly laws generally touch on four principal areas: agreements between or among competitors, contractual arrangements between purchasers and sellers, the pursuit or care of monopoly power, and mergers.

Antitrust Acts

The Sherman Anti-Trust Act of 1890 is the foundation for U.S. antitrust regulation, and the majority of states have created their own statutes based upon it. Congress enacted additional amendments to the Sherman Anti-Trust Act through 1950. The most notable are the Clayton Act of 1914 and the Robinson-Patman Act of 1936. Congress also made a regulatory agency to oversee and enforce the law: the Federal Trade Commission.

Founded in 1914, the Federal Trade Commission investigates companies to ensure that there are no violations of anti-trust laws, passes regulations regarding what constitutes anti-competitive behavior, and may issue cease-and-desist orders to violators. The Antitrust Division of the U.S. Department of Justice (DOJ) is also charged with enforcing antitrust laws through litigation of civil and criminal charges against businesses believed to be in violation.

The resources below will provide you with additional information regarding antitrust laws. Additionally, you can find an attorney on our Law Firms page who can assist you with your antitrust matters and answer any additional questions you may have related to your particular jurisdiction.

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Articles on HG.org Related to Antitrust Law

Antitrust Law - US

  • ABA - Antitrust Law Section

    The American Bar Association Section of Antitrust Law is the leading professional organization for those interested in the fields of antitrust and competition law, trade regulation, consumer protection and economics.

  • Antitrust and Unfair Competition Law - Wikipedia

    Competition law is known in the United States as "antitrust law". The substance and practice of competition law vary from jurisdiction to jurisdiction. Protecting the interests of consumers (consumer welfare) and ensuring that enterpreneurs have an opportunity to compete in the market economy are often treated as important objectives.

  • Clayton Antitrust Act

    This Act is a civil statute (carrying no criminal penalties) that prohibits mergers or acquisitions that are likely to lessen competition. Under this Act, the government challenges those mergers that careful economic analysis shows are likely to increase prices to consumers. The Act also prohibits other business practices that may harm competition under certain circumstances.

  • Federal Trade Commission Act

    The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) established the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the President of the United States for seven year terms. This Commission was authorized to issue Cease and Desist orders to large corporations to curb unfair trade practices. This Act also gave more flexibility to the US congress for judicial matters.

  • FTC - Guide to the Antitrust Laws

    Free and open markets are the foundation of a vibrant economy. Aggressive competition among sellers in an open marketplace gives consumers — both individuals and businesses — the benefits of lower prices, higher quality products and services, more choices, and greater innovation. The FTC's competition mission is to enforce the rules of the competitive marketplace — the antitrust laws. These laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices. The FTC's Bureau of Competition, working in tandem with the Bureau of Economics, enforces the antitrust laws for the benefit of consumers.

  • Robinson-Patman Act

    The Robinson-Patman Act of 1936 (or Anti-Price Discrimination Act, Pub. L. No. 74-692, 49 Stat. 1526 (codified at 15 U.S.C. § 13)) is a United States federal law that prohibits what were considered, at the time of passage, to be anticompetitive practices by producers, specifically price discrimination. It grew out of practices in which chain stores were allowed to purchase goods at lower prices than other retailers. The Act provided for criminal penalties, but contained a specific exemption for "cooperative associations".

  • Sherman Antitrust Act - Wikipedia

    The Sherman Antitrust Act (Sherman Act, July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C. § 1–7), was the first United States government action to limit cartels and monopolies. It is the first and oldest of all U.S., federal, antitrust laws.

  • USDOJ - Antitrust Division

    The mission of the Antitrust Division is to promote economic competition through enforcing and providing guidance on antitrust laws and principles. In 1933, under the administration of President Franklin D. Roosevelt and Attorney General Homer S. Cummings, the Antitrust Division was established, and Harold M. Stephens was appointed the first Assistant Attorney General in charge of the Antitrust Division.

  • USDOJ - Antitrust Enforcement and the Consumer

    Many consumers have never heard of antitrust laws, but when these laws are effectively and responsibly enforced, they can save consumers millions and even billions of dollars a year in illegal overcharges. Most states have antitrust laws, and so does the federal government. Essentially, these laws prohibit business practices that unreasonably deprive consumers of the benefits of competition, resulting in higher prices for inferior products and services.

Antitrust Law - International

  • ABA - International Antitrust Law Committee

    The Committee is an international network of antitrust practitioners and officials from many jurisdictions, including those with established and developing antitrust regimes. We provide a unique forum for practitioners and others with an interest in antitrust to learn about antitrust developments around the world as they happen, influence international antitrust policy and laws, and connect with an interesting and fun group of professionals from all corners of the globe.

  • Competition Policy and Law Database - APEC

    Competition policy has emerged as an important aspect of international business. Businesses operating within the Asia Pacific region are no exception. Competition policy is complex and varies greatly from member to member. Some APEC member economies have laws dating back more than a century, some have relatively recent laws, and others still have no laws at all. Recognizing this disparity of conditions among member economies, gathering and collating information and the establishment of a regional database is one essential step towards narrowing the competition information gap among member economies.

  • Global Competition Law Centre

    The Global Competition Law Centre (GCLC) is a research centre of the College of Europe. It was founded on 1 January 2004, aims to promote rigorous legal and economic analysis of competition policy reforms in the EU and globally, and to provide a discussion forum for academics, practitioners, and enforcement officers in the competition field.

  • International Bar Association - Antitrust Committee

    The Antitrust Committee provides an international forum for the exchange of the most current thinking in the field of antitrust law. In addition, there is a strong commitment to bring together international practitioners to facilitate closer working relationships. The committee is increasingly relied upon by government officials and members of the private sector for its expertise and practical input into antitrust developments

Organizations Related to Antitrust Law

  • American Antitrust Institute (AAI)

    The American Antitrust Institute is an independent Washington-based non-profit education, research, and advocacy organization. Our mission is to increase the role of competition, assure that competition works in the interests of consumers, and challenge abuses of concentrated economic power in the American and world economy. We have a centrist legal-economic ideology and promote the vigorous use of antitrust as a vital component of national and international competition policy.

  • International Competition Network

    The International Competition Network (ICN) provides antitrust agencies from developed and developing countries with a focused network for addressing practical antitrust enforcement and policy issues of common concern. It facilitates procedural and substantive convergence in antitrust enforcement through a results-oriented agenda and informal, project-driven organization.

  • International League of Competition Law

    In the public part of this site you will find information about the League and how it works, the national groups and upcoming meetings (such as the Congress in Hamburg, Germany, September 25 till 28, 2008), as well as information about the questions addressed by the League. You will find issues of the International Review of Competition Law. There you will also find the most resolutions adopted by the LIDC as well as the archived one's.

  • Organisation for Economic Co-operation and Development

    The OECD's Competition Committee is the world's premier source of policy analysis and advice to governments on how best to harness market forces in the interests of greater global economic efficiency and prosperity. Bringing together the leaders of the world's major competition authorities, the Committee is the chief international forum on important competition policy issues.

Publications Related to Antitrust Law

  • Antitrust and Competition Policy Blog

    Latest news and posts on Antitrust Law and Unfair Competition Laws.

  • Centre for Competition Law and Policy - Oxford

    This database is aimed at facilitating discussion between academics and practitioners and is devoted to scholarly works-in-progress and to the distribution of other materials on competition law and policy.

  • Competition Law International

    Competition Law International is the journal of the Antitrust and Trade Law Section of the IBA. It provides an insight into international competition law issues with articles that are of practical interest. Published twice a year, the journal reaches 1,200 competition law practitioners worldwide.

  • Competition Law Review

    The Competition Law Review is a fully refereed scholarly academic law journal. The CompLRev is distinctive from other competition journals by virtue of having a very strong scholarly basis and focus on particular topical competition law themes. It provides scholars with a forum in which to discuss in detail the complexities and underlying trends in modern competition law.

  • Journal of Competition Law and Economics

    A prestigious new journal dedicated to competition law and policy, the Journal of Competition Law and Economics publishes articles of a substantial length providing in-depth analysis of developments in competition law, including developments in the US and EU but also covering other regional and national developments. The journal also publishes economic papers relevant to legal theory and practice. While incorporating rigorous economic analysis, these papers address economic issues in a manner readily understandable by lawyers and policy-makers.