Competition Law regulates market practices. It aims to promote fair competition. This law prevents monopolies and anti-competitive behaviour. It protects consumer interests. It encourages innovation and efficiency. In the UK, the Competition and Markets Authority enforces these regulations. Businesses must comply with these laws to ensure a level playing field. Violations can lead to penalties and legal action.
Big Tech companies faced multiple antitrust investigations and regulatory actions worldwide in 2024. The United States, European Union, India, and South Korea intensified scrutiny over market dominance, data...
