Competition & Antitrust Laws
In the last few decades and in particular since 1991 the Indian economy has seen tremendous economic reforms. With the coming in of liberalisation, privatisation and globalisation India saw a robust growth in economy paralleled with an equal and urgent need for legal reforms that would match the market trends and promote level playing field to various market forces.
As a result of this the India’s policy approach shifted from controlling monopolies to promoting competition. India enacted a new competition law called the Competition Act of 2002 that replaced the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) and provides institutional and regulatory support for healthy and fair competition. The preamble to the Competition Act states the purpose of the Act is..”to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in the markets, in India.
WHAT WE OFFER
- Advisory and documentation: The firm undertakes drafting and review of non- compete agreements, non- disclosure agreements, franchise agreements, escrow agreements, stock swap agreements, employment agreements etc. to minimize issues with respect to anti competitive agreements and/ or abuse of dominance which could arise before the Competition Commission of India.
- Cartel, Investigations and Dawn Raids
- Litigation & regulatory: The team at the Firm has necessary skills and expertise to handle all kinds of regulatory and litigation work with respect to Competition law disputes from CCI to the Supreme Court of India.
Competition Laws in India
India’s pursuit of globalization has resulted into a liberalised economy post 1991. The New Economic Policy of 1991 which brought about Liberalisation, Privatisation and Globalization of the Indian Economy, progressively widened the space for market forces and reduced the role of Government in business and various other economic sectors. It was realised that a new […]