Introduction to Competition Law
– Understand the most important competition law rules that restrict companies in their trade practices
Competition law comprises of a set of legal rules that seeks to prevent market distortion caused by anti-competitive practices on the part of one or several businesses. The aim of competition law is thus to control both monopolistic, unfair, and restrictive trade practices respectively by creating a set of rules that enhances competition or competitive outcomes in the markets.
All companies, regardless of size and legal status, have to follow strict competition laws. The consequences for not complying with competition laws can be crippling economically and even lead to the criminal prosecution of individuals in the event of serious breaches. Economic consequences can include fines up to 10% of a group global turnover, agreements can be deemed unenforceable, and the extent of possible damages claims can also be quite severe.
This course will provide a thorough introduction to the most important rules within competition law. The course will touch upon both Danish and EC Competition legislation. The course is designed as a training to enable you as a legal representative of a client/company or as a manager to have a fundamental understanding of key competition law restrictions and to be able to assert the company’s own rights and protects its position in a (fair) marketplace.
Through interactive case studies, discussions of real company cases, as well as thorough practical overviews of legal restriction, you should leave the training with a basic toolbox and awareness to be able to identify possible compliance challenges within your company pertaining to competition law.
Competition law is a complicated legal area and can be technical, but key employees such as managers and especially salespeople with contact to suppliers or competitors through e.g. trade associations need to have a basic understanding of competition law restrictions to be able to mitigate risks.
The course covers the following areas within competition law:
With customers and suppliers
- Concerted practices
Exchange of information between competitors
“Tacit” acceptance of information
Abuse of dominant position
Dawn Raids from the Competition Authorities
The course is intended for lawyers, legal counsels, and managers with a need to have an operational awareness of competition law and the overall business practices that are prohibited by competition law
Presentation material will be handed out at the training, and you will get access to all relevant course material on JUC's online material page prior to the training.
Form of Teaching
The course is designed as an interactive training and includes practical examples and cases to be discussed in plenum so that you may also learn from colleagues across industries. The course material is in English and will be conducted in English or Danish pending the participant group on the day of the traning.
Kurset kan godkendes som obligatorisk efteruddannelse for advokater.