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Unfair Trading Practices - The Comparative Law Yearbook of International Business (Hardcover)
Loot Price: R11,162
Discovery Miles 111 620
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Unfair Trading Practices - The Comparative Law Yearbook of International Business (Hardcover)
Series: Comparative Law Yearbook Series Set
Expected to ship within 10 - 15 working days
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The topic chosen for this special volume of the Comparative Law
Yearbook of International Business is unfair trading practices, the
use of such practices being a breach of the law against unfair
competition. The principle of freedom of competition is vital to
any market. Without it, there exists no protection against large
companies obtaining monopolies and then ruthlessly exercising their
market dominance. The ability of other companies to freely compete
with such entities is, therefore, necessary to protect consumers
from, for example, highly inflated prices. On the other hand, the
right to compete must also be tempered in order to avoid its abuse
by traders using unscrupulous methods to sell their products or
services. The use of such methods may, again, impede the businesses
of others and breach the principle of free competition. This
subject is particularly relevant in today's society where new
technology such as the Internet provides more and more scope for
competition. When faced with unfair trading practices, the most
immediate course of action must be to put a stop to such behaviour
as soon as possible. If this is not done, a company may find itself
suffering heavy losses and may even lose its business altogether. A
temporary injunction is, therefore, a very important shield against
the attack of a competitor. Once this is in place, a company may
initiate proceedings in order to finalize the order and obtain
damage for any losses suffered. This book gives a
country-by-country account of the provisions and procedures laid
down in various jurisdictions worldwide, each being provided by a
practitioner in the area of competition law. It will therefore be a
useful tool for anyone having to deal with unfair acts in the
course of trading.
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