Antitrust Clayton Act

In the United States, Clayton Antitrust Act of October 15th, 1914 was voted to cure the insufficiencies of the Sherman Antitrust Act of 1890, the first law of the modern right of competition returning illegal some anticompetitive practices. It was introduced by the democratic representative of the Alabama, Henry De Lamar Clayton, under the presidency of Woodrow Wilson.

Contents

Clayton Act makes illegal:

  • the Discrimination by the prices between the purchasers if such a discrimination restricts the competition substantially or causes to create a Monopole (Section 2, Article 15 § 13 U.S.C)

  • the exclusive sales and the dependant sales (also covered by section 1 of Sherman Act) but only if they restrict competition substantially (Section 3, Article 15 § 14 U.S.C)
  • the Concentration S of companies when they cause to restrict competition substantially (Section 7, Article 15 § 18 U.S.C)
  • the fact for any person of directing several Undertaken S competitors (Section 8, Article 15 § 19 U.S.C)

Clayton Act allows the companies having suffered a damage because of these practices to require Punitive damage and to require injunctions against the companies at the origin of the practices. The Federal Trade Commission and the Antitrust Division of the American department of Justice (DoJ) can also seize facts falling under the blow from Clayton Act.

Article 6 of Clayton act (Article 15 U.S.C. § 17) excludes the Syndicat S. Consequently, the Boycott S and the Grève S are not regulated by this law.

Clayton Act is codified in articles 15 U.S.C. § 12-27, 29 U.S.C. § 52,29 U.S.C. § 53.

See too

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