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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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<blockquote data-quote="Afraz Akhtar" data-source="post: 231919" data-attributes="member: 43563"><p>Hi [USER=30998]@flower1[/USER] in terms of actual concepts for competition law, I would break this down as the following:</p><p></p><p><strong>1. Competition law prohibits anti-competitive agreements</strong></p><p></p><p>The most serious kinds of anti-competitive agreement are cartels, where two or more businesses agree not to compete with each other, for example by fixing prices, or sharing customers or markets.</p><p></p><p><strong>2. Competition law prohibits the abuse of a dominant market position</strong></p><p></p><p>Companies with large shares of a market may be regarded as "dominant". If they behave in ways which exploit customers or exclude their competitors, they may be abusing their market position.</p><p></p><p><strong>3. Competition law regulates mergers and acquisitions</strong></p><p> </p><p>Mergers and acquisitions may be prohibited or regulated if they are likely to substantially lessen competition in a market following completion e.g. they will have very high market share following the merger</p><p></p><p>Of course the subject itself is more intricate and complex than that, but this should be enough for any AC - as I don’t expect you to be tested heavily on legal concepts.</p></blockquote><p></p>
[QUOTE="Afraz Akhtar, post: 231919, member: 43563"] Hi [USER=30998]@flower1[/USER] in terms of actual concepts for competition law, I would break this down as the following: [B]1. Competition law prohibits anti-competitive agreements[/B] The most serious kinds of anti-competitive agreement are cartels, where two or more businesses agree not to compete with each other, for example by fixing prices, or sharing customers or markets. [B]2. Competition law prohibits the abuse of a dominant market position[/B] Companies with large shares of a market may be regarded as "dominant". If they behave in ways which exploit customers or exclude their competitors, they may be abusing their market position. [B]3. Competition law regulates mergers and acquisitions[/B] Mergers and acquisitions may be prohibited or regulated if they are likely to substantially lessen competition in a market following completion e.g. they will have very high market share following the merger Of course the subject itself is more intricate and complex than that, but this should be enough for any AC - as I don’t expect you to be tested heavily on legal concepts. [/QUOTE]
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TCLA Vacation Scheme Applications Discussion Thread 2025-26
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