Online Global Competition Law Training Course
Many countries around the world, including the United States, Canada and the European Union, have enacted competition laws that make it illegal for organizations to reduce competition by unfair means — e.g., price fixing, bid rigging, group boycotts and agreements to allocate markets or customers. The purpose of these laws is to protect consumers from unfair business practices by ensuring the marketplace remains competitive. The presence of free and fair competition provides consumers with the highest quality goods and services at the lowest prices. If organizations were allowed to use anti-competitive tactics, healthy competition would cease to exist and the market would become distorted.
A failure to comply with competition laws can result in severe financial penalties and damage to the organization’s reputation, as well as criminal and civil sanctions against the individuals involved. Companies can avoid these costly enforcement efforts by instilling a strong culture of corporate compliance and making sure all employees understand how competition laws affect their day-to-day work.
Global Competition Law Course Summary
This 45-minute online training course provides employees with a general overview of competition laws and helps them recognize and deal with situations that may expose their employer and themselves to legal liability. The topics covered in this course include —
- Overview of competition laws
- Penalties for violations
- Recognizing “red flags”
- Cartels and other agreements
- Price fixing
- Bid rigging
- Allocating markets or customers
- Information sharing
- Standards-setting activities
- Monopolistic behavior
- Investigation and enforcement
- Careful communication
Get online access to the WeComply Global Competition Law Training Course. Just complete the sign-up form on the right to begin your free course evaluation.