EXTRATERRITORIAL CONTROL OF BUSINESS
Many nations or trading blocks attempt to preserve competition by enacting legislation designed to prevent artificial distortions or restrictions occurring in the market place. This legislation usually aims at preventing trading entities monopolising the market by entering into arrangements which have the effect of reducing competition. A great problem arises when the nation or trading block attempts to apply its competition law extraterritorially. This chapter will discuss the manner by which the European Community (EC) applies its competition law and its anti-dumping law and how that law interacts with non resident trading entities and then make a brief comparison with how the USA attempts to control certain aspects of extraterritorial business activity.