Question

Is there an international law governing SesamWare's behaviour? How will competition laws be enforced globally? (5 marks)
lengthy ans needed

Answer 1

a. Yes, there is a competition law that governs the behavior of Sesame’s behavior and if we talk about the competition law it maintains and promotes the competition of the market by regulating the anti-competitive conduct by companies. To enforce law globally, it should be regulated by WTO and ICC.

International Chamber of Commerce and the World Trade Organization. These are both international organizations that ensures that modern businesses are implementing the laws and policies that are required and also the smooth and fair business practices are going in the business respectively.

Initially, Sesamware price which was set was very low as compared to the market value but then eventually the competitors got out from the market and they established the monopoly after that they made a huge hike in the prices. The US federal trade commission has the power for preventing the corporation and persons from using the unfair competition. Monopoly acts can be considered here because they raised the price after the competitor’s exits.

b. As per the United States Supreme court, the competition law is enforced through the competition authorities and as well as through private enforcements.