Competition policy

Competition policy refers to measures intended to promote and protect competition, to prevent collusion between firms and to make it difficult for business to exercise excessive market power. Increasingly, Merger and Acquisition (M&A) activity is coming under more scrutiny and questions have been posed if regulation of such activity should come be controlled by an international body like the World Trade Organisation (WTO). Whilst most industrialised nations have created their own set of competition laws, on a multilateral level, it has been impossible to agree on a coherent framework for competition rules.

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