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Encyclopedia > Antitrust law
Antitrust is also the name for a movie, see Antitrust (movie)

Antitrust or competition laws legislate against trade practices that undermine competitiveness or are considered to be unfair. The term antitrust derives from the U.S. law that was originally formulated to combat business trusts - now commonly known as cartels.

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  Results from FactBites:
 
Antitrust | OGC® (2110 words)
OGC's insistence upon full compliance with the antitrust laws is based not solely on the desire to stay within the bounds of the law, but also on OGC's conviction that the preservation of a free, competitive economy is essential to the welfare of the industry and OGC.
The legality of activities of OGC and its members under the antitrust laws is determined by the application of standards no different from those used to determine the legality of the activities of other groups of persons or firms.
A criminal conviction for an antitrust law violation may result in stiff fines for OGC and its members, jail sentences for individuals (including an individual acting in his or her capacity as a corporate employee or officer) who participated in the violation, and a court order disbanding OGC or severely limiting its activities.
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