Abuse of A Dominant Position in United Kingdom
Definition of Abuse of A Dominant Position
In accordance with the work A Dictionary of Law, this is a description of Abuse of A Dominant Position : Unlawful activities by large businesses, i.e. usually those having a market share of at least 40% in at least one EU state. Examples of such activities, which are contrary to *Article 82 of the Treaty of Rome and the UK Competition Act 1998, include refusing to supply an existing customer and engaging in *predatory pricing. The European Commission and the Office of Fair Trading can fine businesses up to 10% of annual worldwide turnover for breach of Article 82. The record individual fine, of 102M ECUs (now euros), was against Volkswagen in 1998; it was upheld on appeal in July 2000. Under the UK Competition Act 1998 a £3.21M penalty was imposed on Napp Pharmaceuticals.
See anticompetitive practice.
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