Competition law affects businesses of all sizes—larger multinational companies operating across a number of territories and small and medium sized businesses. This Practice Note provides a sample list of questions that can be used in order to carry out a high level competition audit. The competition analysis depends to a significant extent on the particular parties and the markets in which they operate. The checklist below is a simplification of the complex issues and you should therefore consider carefully whether each of the sample list of questions are appropriate in the circumstances of the company you are carrying out an audit for.
Sample questions
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Please provide a complete list of the markets [company] operates in. Please provide a brief description of these activities.
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For the product/service markets [company] considers it competes in, as identified in response to the bullet point immediately above, please estimate [company’s] market Shares.
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Jurisdiction(s):
United Kingdom
Key definition:
Shares definition
What does Shares mean?
The CA 2006 merely provides that a share is a share in the company's share capital. A company's share capital comprises the number of shares issued by it to investors either on or after incorporation. Those investors then become the shareholders in the company. A shareholder’s shares are their personal property. By contrast, the assets of a company are owned by the company itself. Owning shares does not entitle a shareholder to any property rights in the company's assets.
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