Competition Act Of 1998 (uk)The Competition Act of 1998 was designed to ensure that businesses compete on a level playing field by prohibiting certain types of anti-competitive behavior. The Office of Fair Trading (OFT) has power to investigate businesses that are suspected of breaching the Competition Act of 1998 and to impose penalties.
The following questions have been addressed in this article:What if the two companies agree to match the price of another company and there is no written agreement, will there be a violation under the Act?
What type of agreement will be deemed to restrain competition?
How should a company avoid being labeled as having a dominant position?