EU Levies EUR1.06Billion Antitrust Fine On Intel
Intel Corp. (INTC) will have to pay a record EUR1.06 billion fine for breaking European antitrust laws, the European Commission…
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Competition law, known in the United States as antitrust law, is law that promotes or maintains market competition by regulating anti-competitive conduct by companies.
The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks.
Modern competition law has historically evolved on a country level to promote and maintain competition in markets principally within the territorial boundaries of nation-states. National competition law usually does not cover activity beyond territorial borders unless it has significant effects at nation…
Intel Corp. (INTC) will have to pay a record EUR1.06 billion fine for breaking European antitrust laws, the European Commission…