- antitrust law
Any law restricting business practices that are considered unfair or monopolistic.Among U.S. laws, the best known is the Sherman Antitrust Act of 1890, which declared illegal "every contract, combination...or conspiracy in restraint of trade or commerce." The Clayton Antitrust Act of 1914, as amended in 1936 by the Robinson-Patman Act, prohibits discrimination among customers through prices or other means; it also prohibits mergers or acquisitions whenever the effect may be "to substantially lessen competition." Labour unions are also subject to antitrust laws.
* * *any law restricting business practices considered unfair or monopolistic. The United States has the longest standing policy of maintaining competition among business enterprises through a variety of laws. The best known is the Sherman Antitrust Act of 1890, which declared illegal “every contract, combination . . . or conspiracy in restraint of trade or commerce.” Another important U.S. antitrust law, the Clayton Antitrust Act of 1914, as amended in 1936 by the Robinson–Patman Act, prohibits discrimination among customers through prices or other means; it also prohibits mergers of firms, or acquisitions of one firm by another, whenever the effect may be “to substantially lessen competition.”In Europe, antitrust legislation received much attention after World War II, when provisions against restraint of competition were embodied in a number of national laws and international agreements. The Commission of the European Communities in Brussels regularly passes upon cases involving practices of companies trading in the Common Market; its decisions are based upon Articles 85 and 86 of the Treaty of Rome (1957), which deal with rules of fair competition.
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antitrust law — (USA) the law applying to issues of attack on free competition by businesses or other organisations. See Sherman Act. Collins dictionary of law. W. J. Stewart. 2001. antitrust law … Law dictionary
antitrust law — UK US noun [C or U] ► LAW a law that prevents companies from working together to control prices unfairly or to create a monopoly (= a single company or small group of companies that is the only supplier of something), or the area of law that… … Financial and business terms
antitrust law — noun law intended to promote free competition in the market place by outlawing monopolies • Syn: ↑antitrust legislation • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑law … Useful english dictionary
United States antitrust law — is the body of laws that prohibits anti competitive behavior (monopoly) and unfair business practices. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both, or generally to violate standards of… … Wikipedia
Merger doctrine (antitrust law) — In U.S. antitrust law, the phrase merger doctrine is used to broadly describe the approaches that courts have taken to address mergers between corporations which might tend to reduce competition and raise prices. More specifically, courts tend to … Wikipedia
antitrust laws — Federal and state laws created to regulate trade and commerce by preventing unlawful restraints, price fixing, and monopolies. The laws are intended to promote healthy market competition and encourage the production of quality goods and services… … Law dictionary
antitrust — an·ti·trust /ˌan tē trəst, ˌan ˌtī / adj: of, relating to, or being legislation against or opposition to business trusts or combinations; specif: consisting of laws to protect trade and commerce from unlawful restraints and monopolies or unfair… … Law dictionary
law — / lȯ/ n [Old English lagu, of Scandinavian origin] 1: a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority: as a: a command or provision enacted by a legislature see also statute 1 b:… … Law dictionary
antitrust acts — Federal and state statutes to protect trade and commerce from unlawful restraints, price discriminations, price fixing, and monopolies. Short Dictionary of (mostly American) Legal Terms and Abbreviations … Law dictionary
antitrust act — noun against fair trade, against free commerce, against free mercantilism, against free trade, against open business, against open markets, contrary to good business Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary