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Read the whole text and answer these questions.1 Why wasn't a fine imposed on the second auction house involved in the illegal activity? 2 What did the collusive agreement between the auction houses entail? What was the attitude of the firm towards the fine it had to pay as expressed in the official statement of the chief executive? Complete these phrases from the text using prepositions. Then explain what Each phrase means in your own words. To stand trial collusion To be jailed fraud To be extradited . antitrust charges Discuss these questions. 1 What is your opinion on the case? Do you think the fines were particularly severe, lenient or just? Do you think fines deter others from engaging in such activity? This text first appeared in a daily newspaper written for a non-specialist audience. Which features of the text helped you to recognise its source? In What ways would a text about this case written solely for lawyers differ from this text? Think about how you would tell another lawyer who is not familiar with this Case about it. Reduce the information to a few key points. Then present the Information to another student. Do you agree on what the most important points are? ning 2* e er l Another important area of anti-competitive policy is merger control. Lawyersworking for Governmental institutions are involved in the investigation of proposed mergers.Their work Is aimed at preventing the creation of structures that will lead to anti-competitive activities. Youwill hear an excerpt from a speech on the evaluation of mergers given by a Representative of the South African Competition Tribunal to an audience of business People and lawyers. The purpose of Competition Tribunal is to adjudicate competition Matters in accordance with the South African Competition Act. The speaker outlines the Steps taken in the evaluation of mergers. Listen to the excerpt and decide which of these phrases best expresses The main purpose of this part of the speech. A to compare South African merger regulation with that of other countries B to convince the listeners of the importance of merger control C to help companies planning to merge to formulate their arguments in favour Of merging more effectively D to explain the reasons for renewing the Competition Act Listen again and choose the best answer to each of these questions. 1 According to the speaker, what is the first step in the evaluation of a merger? A determining whether the merger will lead to the company having a small Or a large market share B analysing the effect of the merger on competition C defining the state of international trade in the product The speaker recommends that when a company argues that a merger will Increase its efficiency, the company should A present data to support this claim. B refer to the economies of scale idea. C speculate on the advantages that can be expected to result. According to the speaker, the third and final step in the evaluation process Involves A considering the effect of the merger on public interest. Date: 2015-12-11; view: 1478
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