Competition Law (EN / 2019)
About the Lecture
The lecture Competition Law (EN / 2019) by Lecturio Online Courses is from the course Compliance Management Training (EN). It contains the following chapters:
- Introduction and Competition Law
- Fine Guidelines
- Legal Principles of the Competition Law
- Other Hardcore Violations
- Block Exemption Regulation
- Dawn Raid
Included Quiz Questions
Why is the Competition Law so important? * You can select more than one answer.
- Because the fines are large
- Because the market needs to be protected
- Because employees need protection
- Because the managers can be corrupt
In terms of violations of Competition Law, fines can be up to…
- 10 % of your turnover and compensation claims
- 20 % of your turnover compensation claims
- 15 % of your turnover compensation claims
- 25 % of your turnover compensation claims
What is the difference between horizontal and vertical relationships? * You can select more than one answer.
- Horizontal: No competition-restricting agreements between competitors, e.g., pricing
- Vertical: Manufacturers cannot dictate to traders, what prices they must charge
- Horizontal: Manufacturer-restricting agreements between competitors, e.g., prices
- Vertical: Competitors cannot dictate prices between each other
What are the 3 important pillars of the Competition Law?
- Prohibition of Execution, Abuse, Cartels
- Prohibition of Cartels, Abuse, Exhibition
- Prohibition of Abuse, Neglect, Execution
- Prohibition of Neglect, Education, Cartels
Which statements are true? * You can select more than one answer.
- Prohibition of Execution: Regulates control of mergers
- Prohibition of Abuse: Market-dominant companies cannot abuse their position
- Prohibition of Cartels: Affects companies with a market-dominant position
- Prohibition of Abuse: No competition-restricting agreements between competitors
What are preconditions in terms of agreements between competitors that can raise fines?
- Determination of the addressees – Coordination – Restriction of competition
- Determination of the addressees – Coordination – Execution
- Execution – Coordination – Determination of the addressees
- Coordination – Execution – Restriction of competition
What agreements are considered “Hardcore Violations”? * You can select more than one answer.
- Price agreements
- Market division
- Compliance
- Data Security Breach
If you witness a violation, how should you react? * You can select more than one answer.
- Talk to the Competition authorities
- Speak to your Compliance Officer
- Go to the police
- Wait cautiously
- Write a complaint against the violators
Imagine you are at a trade show. Two of your competitors talk to you about raising prices in April due to a poor first quarter. You don’t say anything, as the conversation makes you uncomfortable. April comes, and no prices are raised. Which statement is correct?
- Everybody is fined, including you.
- All is well, as nothing happened, and no prices were raised.
- Only your competitors are fined, you were not involved, and you were not involved in the conversation.
- Your competitors are fined as they agreed on raising the prices.
In terms of Block Exemption Regulation, which conditions for being classified as non-problematic are incorrect? * You can select more than one answer.
- No restrictions on purchases to end-customers
- No cross-supply between traders within an open sales system
- Neither purchase nor supplier exceeds 50 % market share
- No area restrictions
- No prohibition of competition
Which of the following actions are prohibited for market dominant companies? * You can select more than one answer.
- Inappropriate high prices for goods/services
- Predatory pricing
- Linking of a product in demand with the purchase of another connected product
- Always demanding the highest price from a supplier
- Giving rebates and price reduction to new customers
What should you watch out for when officials arrive for a "Dawn Raid"? * You can select more than one answer.
- Check the search order
- Accompanying the officials to a separate office
- Assistance only on request
- Try and figure out why your company was selected for a Dawn Raid
What falls under the duty of cooperation of a company with "Dawn Raids"? * You can select more than one answer.
- Answering questions
- Provision of premises
- Locking all e-Mail and phones
- Warning other cartel members
Which statements apply to a possible "Dawn Raid"? * You can select more than one answer.
- Search order at initial suspicion
- Evidence material is removed by the State Competition Officials
- Persons present are questioned
- Doors need to remain locked
Author of lecture Competition Law (EN / 2019)
Lecturio Online Courses
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