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Guide to the Competition Act

Illegal cartels and price-fixing rings will find life difficult with the introduction of the Competition Act 1998, which comes into force on March 1 this year. This new Act introduces prohibitions, modelled upon the existing EU regime, for restrictive agreements and for abuse of market power. It will apply to any agreements or conduct which affect competition in the UK or any part of the UK. The new Act will be enforced by the Director General of Fair Trading (DGFT) and by regulators ...

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