Description

why

Beat the competition

• has never been more in demand as it is now.
• India facing rising competition not only from domestic but also from international players
• growth and market domination the key pursuit for all businesses.
• the leading companies seek to dominate their markets in the least possible time period.
• The basic business culture globally rests upon the principle of aggressive growth.
• This growth has been at the cost of all the rules of competition.

Importance

• Competition law regulates the kinds of business practices, behaviour and contracts
• businesses strive to get a stronghold over the market in a particular sector
• mergers and acquisitions or cross border transactions or in structuring any kind of business transactions or agreements with players in similar markets or collaborations
• applicable to high stake business transactions
• applies to the most common denominator involving sole proprietorships.

Learn

• demand for competition lawyers has witnessed a huge rise, especially in the last 7-8 years.
• Competition Commission of India (“CCI”) seeks to keep a check on this aggressive behavior being employed by every company or proprietorship today.
• collusive behaviour, heavy underpricing, unfair and unreasonable contractual restrictions, etc.

importance

• CCI is now playing on the forefront and is coming out as one of the strongest regulators in the country.
• CCI has cleared as many as 610 merger filings with an average of 50-60 filings per year which has only been increasing.
• Due to surmounting number of merger filings, amendments are being brought about in order to ease and expedite the process of merger review.
• Needless to say that competition lawyers today are inundated, given the enormous workload in terms of both litigations and transactions.
• Lawyers working in in-house legal teams of large market players
• high-growth companies also need to have a sound understanding of competition law. 
• Competition law is no longer the forte of the biggies or a niche area that freshers are apprehensive of venturing into.
• Competition teams in full-service law firms are getting bigger and more lucrative and are constantly hiring throughout the year to meet the demand of the workload.