Law approach with respect to recognition and enforcement of foreign country money judgments. Part III will also contain a critical discussion on the shortcomings of the current legal schemes in place in the U.S. In Part IV, the paper will briefly re
Competition law is one of the core elements of the common market. It comprises three pillars : the prohibition of cartels, abuse control and merger control. The first two pillars are regulated in art. 101 resp. 102 TFEU and their enforcement in Regu
influence of cartel
1)By increasing prices,
and 2)decreasing outputs
Cartel harms consumer’s benefit
History of the Leniency Program
Since the adoption of the U.S.
of the Leniency Program in 1973,
numerous countries, such as the EU,
the UK, Australia, have adopted it.
South Korea also adopted the program
(legislated in 1996, enforced from 1997)
of stabilized international price. It is revealed that LPG supply companies determined LPG sales price many times through the exchange of information and contact. Also, LPG suppliers established and enforced various ways to shirk competition and maintain price at a high level. Therefore, Fair Trade Commission ordered prohibition of unfair common action through the exchange of information.