The Enterprise Act 2002 aimed to bolster competition and reform the UK's insolvency regime. By establishing the Competition and Markets Authority (CMA), it significantly enhanced measures against anti-competitive practices and monopolies. The Act introduced the concept of "market investigations" enabling scrutiny of market sectors suspected of failing consumers. In terms of insolvency, it prioritised company rescue, streamlined administration processes, and provided for more effective disqualification of unfit directors. Overall, the Act sought to foster a competitive business environment and protect consumers by curbing unfair market conduct and supporting corporate recovery.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
TAKE A FREE TRIALThe Enterprise Act 2002 aimed to bolster competition and reform the UK's insolvency regime. By establishing the Competition and Markets Authority (CMA), it significantly enhanced measures against anti-competitive practices and monopolies. The Act introduced the concept of "market investigations" enabling scrutiny of market sectors suspected of failing consumers. In terms of insolvency, it prioritised company rescue, streamlined administration processes, and provided for more effective disqualification of unfit directors. Overall, the Act sought to foster a competitive business environment and protect consumers by curbing unfair market conduct and supporting corporate recovery.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
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