LAW30640 Competition Law in Practice Assignment Sample Ireland
The practice of competition law is the application of laws and regulations governing anti-competitive behavior. It is a critical aspect of ensuring that free markets function properly, and it has become increasingly important in recent years as economies have globalized.
The practice of competition law can be complex, and often involves working with sophisticated financial data and analyzing intricate business dealings. attorneys who specialize in this area must have an in-depth understanding of the law, as well as strong analytical skills and the ability to think strategically.
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Competition law is a vital tool for promoting economic efficiency and protecting consumers. By ensuring that businesses operate fairly and openly, competition law helps to create a level playing field for all participants in the marketplace. This ultimately results in increased competition, which leads to lower prices and better products and services for consumers.
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In this module, there are many types of assignments given to students like individual assignments, group-based assignments, reports, case studies, final year projects, skills demonstrations, learner records, and other solutions given by us. We also provide Group Project Presentations for Irish students.
In this section, we are describing some tasks. These are:
Assignment Task 1: Independently research primary and secondary sources of EU competition law from a solidly informed platform.
When it comes to the European Union, competition law is of utmost importance. The basic principle of EU competition law is that all businesses should be able to compete fairly and freely. This means that companies within the EU are not allowed to collude with one another in order to fix prices or restrict supply. They are also not allowed to take over smaller businesses in order to monopolize a particular market.
There are several sources of EU competition law. The first is the Treaty on the Functioning of the European Union (TFEU), which sets out the overarching principles of EU law. The second source is the Regulation on Competition, which contains detailed rules about what businesses can and cannot do. The third source is case law, which is created by the European Court of Justice when it hears cases about competition law.
When researching EU competition law, it is important to consult all three of these sources in order to get a comprehensive understanding of the law. The TFEU provides the broad principles, the Regulation on Competition contains the specific rules, and case law helps to interpret and apply those rules.
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Assignment Task 2: Analyse judgments and decisions from a practical perspective.
Decisions and judgments can be analyzed from a practical perspective by looking at the potential consequences of the decision or judgment. For example, if a decision is made to invest in a new company, the consequences of that decision would be evaluating whether or not the investment paid off in terms of profits.
Another way to analyze decisions and judgments is by looking at the rationality behind them. For example, if a person decides to skip work in order to go on a beach vacation, it may seem irrational because they are giving up potential income in order to enjoy a temporary pleasure. However, if they can afford to take the vacation without negatively impacting their financial stability, then it may be a rational decision.
When analyzing decisions and judgments, it is important to consider both the practical and rational consequences of the decision or judgment. This will help you to understand why the decision was made and what effects it may have on individuals, businesses, and the economy as a whole.
Assignment Task 3: Provide comprehensive legal advice to hypothetical litigants under TFEU Articles 101 and 102.
The Treaty on the Functioning of the European Union (TFEU) establishes rules governing competition among businesses operating within the EU. Articles 101 and 102 of the TFEU prohibit anticompetitive agreements and abuses of dominant market position, respectively.
If you are a hypothetical litigant under these articles, you should seek legal advice to ensure that your actions do not violate EU competition law. In particular, you should be aware that agreements between competitors may be prohibited if they have the effect of restricting competition, and that dominant market positions may not be abused in a way that harms consumers or other businesses. Violations of Articles 101 and 102 can result in heavy fines from the European Commission.
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