Competition: New dawn in regulation

Press/Media: Press / Media

Description

.....dominant and multinational businesses should endeavour to play by the rules and to do all within their means to resist the urge of going back to their old ways. Irrespective of the fact that the competition authority is still in its infancy days of enforcement, it has the necessary teeth and is ready to bite hard. Examples of recent competition law enforcement against powerful companies like Google abound in foreign jurisdictions like the European Union. Close by in South Africa, Computicket, a ticketing company was issued a heavy fine in 2019 for abuse of dominance.

Period31 Dec 2021

Media contributions

1

Media contributions

  • TitleCompetition: New dawn in regulation
    Degree of recognitionNational
    Media name/outletThe Nation
    Media typePrint
    Country/TerritoryNigeria
    Date31/12/21
    Description......dominant and multinational businesses should endeavour to play by the rules and to do all within their means to resist the urge of going back to their old ways. Irrespective of the fact that the competition authority is still in its infancy days of enforcement, it has the necessary teeth and is ready to bite hard. Examples of recent competition law enforcement against powerful companies like Google abound in foreign jurisdictions like the European Union. Close by in South Africa, Computicket, a ticketing company was issued a heavy fine in 2019 for abuse of dominance.
    PersonsEnyinnaya Uwadi