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ARTICLE · 10 JUNE 2020

Anti-Competitive Tendencies And Business Cooperation In COVID-19 Times

Phoenix Legal
Phoenix Legal
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Phoenix Legal

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It is estimated that enterprises across sectors would be impacted by this pandemic and are likely to incur significant revenue losses.

IndiaAntitrust/Competition Law

The COVID-19 outbreak has disrupted businesses globally and companies around the world are reeling under the effects of this pandemic. India has imposed an unprecedented nationwide lockdown resulting in major disruption in economic activity.

It is estimated that enterprises across sectors would be impacted by this pandemic and are likely to incur significant revenue losses. The pandemic has also resulted in panic buying by customers of essential products including masks, sanitisers, ventilators, etc. leading to a shortage of some of the essential products.

The crisis has also raised concerns over anti-competitive practices such as price gouging. Companies are facing various difficulties due to the COVID-19 crisis and these unprecedented challenges may lead to companies resorting to some form of cooperation that may not be permissible under the Competition Act, 2002 (Competition Act). This may pose challenges for enterprises which are involved in helping the

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