Competition Law: Keeping Things Fair
Competition law is all about protecting free and fair competition. Why does that matter? Because competition benefits everyone! It means lower prices, better products, more choices, and a level playing field for businesses that play fair.
In Guernsey, The Competition (Guernsey) Ordinance, 2012 sets the rules. It bans unfair practices like:
- Anti-competitive agreements between businesses.
- Abuse of market power by businesses that dominate a market.
We’ve created two handy guides to make things clear:
- A Quick Guide to Competition Laws: A simple overview of what’s allowed and what’s not.
- A Compliance Guide: Practical advice for businesses to stay on the right track.
Some mergers and acquisitions also need our approval to ensure they don’t harm competition.