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: 1302