Enterprise Act 2002

The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy.It made cartels illegal with a maximum prison sentence of 5 years and states that level of competition in a market should be the basis for investigation.

Enterprise Act 2002

The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy.It made cartels illegal with a maximum prison sentence of 5 years and states that level of competition in a market should be the basis for investigation.