Also known as competition law in South Africa, Australia, Europe, and other countries, antitrust law is concerned with the regulations and statutes that encourage fair and transparent competition in various sectors and international markets.
Antitrust lawyers work in cases involving illegal activities against the antitrust law. Depending on the circumstances, there are numerous business practices that can harm the consumer and thus, be considered to be against this law. These illegal practices that are often investigated include financial bid-rigging, market collusion, price manipulation or fixing, and monopolistic practices.
Out of the many comprehensively characterized set of relevant legislation and statutes, the most notable of them is probably the Sherman Act. A little more than a century of judicial precedent has been trying to sort out the rules, but antitrust state laws generally appear to follow the statutes set by the federal court.
Antitrust attorneys are legal experts who focus solely on this body of law. These lawyers are experienced in handling cases regarding unfair trade restrictions, price control or fixing, and corporate monopolies. They also work on issues involving free trade agreements, company mergers and acquisitions, unfair competition, and a range of other business practices that are illegal in the eyes of the law.
In this short yet very educational video by Legal Guide, you’ll learn what antitrust lawyers do and what they specialize in. After watching the video, you won’t be confused about the nature of this profession ever again.