Competition Law And policy

Competition Law & Policy

The underlying idea of competition is a scenario in which people or organisations compete with one other for something that not everyone can have. Consumers benefit greatly from strong market competition. This is due to two factors: first, competition forces enterprises to be inventive, allowing them to function more effectively; and second, competition provides customers with a wider range of items at cheaper prices.

But there are many prohibited activities are taking place in the market that can adversely affect the healthy competition such as entering into Anti-Competitive Agreements, Abuse of Dominant Position in the market, entering in to merger and acquisitions, where such combination causes or is likely to cause an appreciable adverse effect on competition within the relevant market in India.

To curb such activities Competition Act 2002, play major role, wherein provisions are given which illustrates which activities are banned or which are allowed to sustain a healthy completion and the formulation of the competition regulatory authority in India, the Competition Commission of India (CCI) which was established in 2003 to prevent anti-competitive practices, promote and sustain competition in markets, which protect the interests of consumers and ensure freedom of trade carried on by other participants in markets, and for matters connected with the above or incidental to these.

At Y&S Legal, we understand the critical role that competition law plays in today’s dynamic business environment. Whether you are a multinational corporation, a small business, or an individual entrepreneur, our team of experienced legal professionals is dedicated to providing comprehensive and tailored legal assistance to ensure your compliance with competition regulations and to protect your interests in the competitive marketplace.

Some of the key services provided by our firms are:

• Advising companies related to the various sectors such as aviation, drugs and pharmaceuticals, energy and infrastructure, glass, mining, petroleum, publishing, real estate, sugar, software & hardware, media & entertainment etc., on the compatibility of provisions contained in supply and distribution agreements.
• Working closely with the companies in Dominant position in the market, in designing their policies to prevent the abuse of the power, and representing clients before the CCI, National Company Law Appellate Tribunal, Supreme Court of India.
• Advising on various aspects of Merger Control Regulation and securing merger clearance, such as conducting due diligence, pre-merger consultations with the CCI, filing of merger notifications before the CCI, and preparation of merger filing, etc.
• Advising on potential cartel Investigations and representing entities in the pending cartel investigations before the CCI. You might also be interested in knowing about Patent …