Gazdaságiversenyjogi

Gazdaságiversenyjogi translates to "competition law" in English. It is a body of law that aims to ensure fair competition in the marketplace. Its primary goals are to prevent monopolies, cartels, and other anti-competitive practices that can harm consumers and hinder innovation.

Competition law typically addresses several key areas. Firstly, it prohibits agreements between undertakings that restrict competition, such as price-fixing, market sharing, and bid-rigging. These are often referred to as cartels and are considered among the most serious infringements of competition law. Secondly, it regulates the abuse of a dominant market position. This means that companies that hold a significant market share are prevented from using their power to unfairly disadvantage competitors or consumers. Examples include predatory pricing or refusing to supply. Thirdly, competition law governs mergers and acquisitions. Large-scale mergers or takeovers that could significantly reduce competition are subject to review by competition authorities, who can block them or impose conditions.

The enforcement of competition law is usually carried out by national competition authorities and, in the case of the European Union, by the European Commission. These authorities have powers to investigate suspected infringements, impose fines on companies that violate the law, and order remedies to restore competition. Individuals and businesses can also bring private actions to seek damages if they have been harmed by anti-competitive behavior. The principles of gazdaságiversenyjogi are crucial for maintaining a dynamic and efficient economy that benefits both businesses and consumers.