Abstract
Any business - whatever its legal status, size and sector - therefore needs to be
aware of competition law, firstly so that it can meet its obligations, and in doing so, avoid
heavy penalties, but also so that it can assert its own rights and protect its position in the
marketplace.
This article discusses the general principles of competition law, the importance of legal
regulation and the specifics of each country. In doing so, the competition law of foreign
countries such as Canada and Australia was studied and the existing concepts were
discussed in detail.