Competition Law

Course	L-303-SAKE
Semester	4
ETCS	8
Core	Yes

Year	2. year
Semester	Spring 2024
Level of course	1. First cycle, introductory
Type of course	Core
Prerequisites	No prerequisites.
Schedule	5 lectures per week
Lecturer	Heimir Örn Herbertsson
Content
The course will cover the principal provisions of the Competition Act No. 44/2005, as amended, and the principal rules of European competition law. An account will be given of court precedents in this area, both from Iceland and other jurisdictions. The administrative aspects of competition cases and the principal material aspects of competition law will be discussed. Among other things, course discussions will touch upon the ban on collusion between competitors, prohibition of the abuse of dominant position and the rules on mergers. Also, there will be discussion of the sanctions prescribed in the Competition Act.
Learning outcome - Objectives
On completion of the course students should:  have gained an understanding of the general underlying principles of competition law and the reasons why competition law is considered necessary in today’s market systems. Students will be expected to learn the principal substantive rules of the Competition Act No. 44/2005, as amended, as well as rules on the anticompetitive collusion of enterprises, abuse of dominant position and mergers of companies, and the sanctions imposed for violation of the Competition Act.  have been introduced to the foreign rules on which the Competition Act is based and the principal case law of domestic and foreign competition authorities and courts.  have been expected to familiarize themselves with procedures in competition cases before the Icelandic competition authorities and courts.
Course assessment
Assignments 40% and final oral examination 60%
Reading material
No reading material found.
Teaching and learning activities
Lectures and discussions.
Language of instruction	Icelandic