Unfair dealing practices refer to taking unfair advantage of anyone through some form of dishonest or improper business conduct. This may include unfair influence through manipulation, hiding or misrepresenting relevant facts, misusing confidential information or any other unfair or improper business conduct.
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Fair Dealing & Competition Laws
What are unfair dealing practices?
What are competition laws?
Competition or “antitrust” laws prohibit entering into agreements and practices that would limit competition in the marketplace, such as:
- Price fixing
- Boycotting suppliers or customers
- Predatory pricing intended to run a competitor out of business
- Unfair competition and attempts to monopolize a market
What should I do?
Deal fairly in all business interactions. Do not engage in any unfair business practice with customers, suppliers, service providers, competitors, external advisers, employees or any other person with whom we interact while doing business for Coty.
Get approval from the Legal Department before having any interactions or contact with competitors. To avoid any words or actions that may be viewed as attempts to violate competition laws, we must be very careful in any communication with competitors, including during trade conferences and the like.
Q&A
A: This is an example of something that competitors should not agree upon. Even if no one mentions the word “boycott,” discussing a “troublesome” supplier could signal an invitation to agree to stop doing business with the supplier. Even a discussion about this is a big problem. You should excuse yourself from the discussion, saying that you feel it is improper and immediately report what happened to the Legal Department.