Economic law is a law that aims to stabilize and develop the economy on the premise of fair competition. The main laws in the field of economic law include the Antimonopoly Act, the Subcontract Act, and the Freelance and Business Transaction Fairness Act, which play a role in maintaining the normal competitive function of the market. The content and operation of these laws change according to market trends, which will affect the daily operations of companies. In addition, the market is changing at an accelerating pace due to the influence of digitalization, etc. It is not easy to keep up with economic law that responds to this trend, and it is a field in which the support of experts is essential. At ALG Law Firm, we have a corporate law division, and lawyers who are only in charge of corporate law work on various cases related to economic law every day. We will introduce our main legal services in the field of economic law in the following.

● Advice and guidance regarding daily operations
Depending on the scale of the company, contracts and interactions with business partners may violate antitrust laws and subcontracting laws. It can be difficult to determine whether you are complying with these laws in your day-to-day work. Since ALG has a wealth of experience in economic law, it is possible to provide advice according to the situation of the company to be consulted. In addition, if you wish to present a legal opinion in writing, we also handle the task of preparing a written opinion.

● Compliance
In fact, the Antimonopoly Act and the Subcontract Act are closely related to daily work, and it is necessary to alert the company as a whole to legal compliance, including on-site employees. ALG provides consultation and guidance to a large number of companies, and has a track record of responding to various problems and issues facing companies. In addition, we conduct internal training and seminars to support the establishment of a compliance system in line with the business type of the company, and to foster compliance awareness, and we have received high praise.

● Action for the Fair Trade Commission
When the Fair Trade Commission obtains information on violations of the Antimonopoly Act and the Subcontracting Act, it conducts written investigations and on-site inspections, and takes administrative action in accordance with the contents of the violations. Sometimes there are cases where the contents of the survey and administrative sanctions seem excessive. With regard to administrative work, ALG can also handle advice and guidance on examiners' investigations, attendance at on-site investigations, appeals in case of dissatisfaction with administrative actions, litigation response work, etc.

● M&A related business
Depending on the scale of the company, M&A may become a combination that is regulated by the antitrust law, and it may also be necessary to consider from the perspective of economic law. It is necessary to conduct a preliminary investigation to determine whether a business combination that restricts market competition is applicable, but expert support is essential for responding to this. ALG has been involved in many M&A related activities in the past, and has provided a wide range of support from legal due diligence to contract conclusion. In fact, if the Fair Trade Commission reviews a business combination, it is also possible to respond to the review.

● Dispute resolution
The Antimonopoly Act, the Subcontracting Act, and the Act on the Regulation of Freelance and Business Operators are also laws to protect small and medium-sized businesses and individual business owners (freelancers) who are forced to make disadvantageous transactions from major companies. If a business partner company or parent company violates these laws, it is possible to make a claim for damages. In particular, with regard to claims for damages against businesses that violate the antitrust law, claims may be accepted even in the case of no fault, and the scope of responsibility is wide. If you feel that a large company is forced to make an unfavorable transaction, it is possible for a lawyer to intervene and solve it.