Jurisdiction(s):
United Kingdom
Key definition
Competition law definition

What does Competition law mean? Competition law describes the body of antitrust rules that govern business conduct which restricts competition and the review of mergers and acquisitions. In practice it addresses anti‑competitive agreements (cartels and concerted practices), abuse of dominance, merger control and enforcement. It is a descriptive term rather than a single defined concept, and draws on statute, guidance and case law. United Kingdom (England & Wales, Scotland and Northern Ireland): the principal rules are the chapter i and Chapter II prohibitions in the Competition Act 1998, and the Enterprise Act 2002 regime for merger control and the criminal cartel offence (Part...

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Competition law compliance post-training assessment—answer key: red flags, consequences, cartels, abuse of dominance, anti-competitive agreements, competitor meetings, trade associations, record-keeping and reporting

Precedents
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Question

Correct answer

1. Competition law shields business and consumers from anti-competitive conduct, and preserves effective competition True 2. What penalties can arise from infringing competition law? Substantial fines, custodial sentences, director disqualifications, and reputational harm. 3. What are the three key contexts where competition law might potentially pose an issue for commercial organisations?...

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Web page updated on 22/05/2026

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