It is also quite clear that EU competition law will be relevant for UK-based firms even after Brexit and that, in view of the important economic and commercial relations between the EU and the UK, EU-based lawyers will need to be familiar with the main principles and provisions of UK competition law.
For instance, mergers might need to be notified in both jurisdictions if, following Brexit, the system of one-stop shop for merger notifications to the Commission does not apply.
The module will cover vertical and horizontal agreements, abuses of market power, merger control policy and practice.
The history of competition law reaches back to the Roman Empire.
So the legislation read here that whereas, it is very hard and difficult to put certain prices to any such things ...
[it is necessary because] prices of such victuals be many times enhanced and raised by the Greedy Covetousness and Appetites of the Owners of such Victuals, by occasion of ingrossing and regrating the same, more than upon any reasonable or just ground or cause, to the great damage and impoverishing of the King's subjects.
On top of existing penalties, the statute stated that overcharging merchants must pay the injured party double the sum he received, an idea that has been replicated in punitive treble damages under US antitrust law.
Also under Edward III, the following statutory provision outlawed trade combination....
The protection of international competition is governed by international competition agreements.
In 1945, during the negotiations preceding the adoption of the General Agreement on Tariffs and Trade (GATT) in 1947, limited international competition obligations were proposed within the Charter for an International Trade Organisation.