The Enterprise Act 2002

The Enterprise Act 2002 is a UK law aimed at promoting fair competition and economic growth. It strengthens rules against anti-competitive behaviors like cartels and unfair mergers, ensuring markets remain open and competitive. The Act also established the Insolvency Service to handle company failures efficiently and introduced measures to protect consumers and employees during corporate insolvencies. Overall, it seeks to balance business interests with consumer protection, fostering a healthy, competitive economy by providing clear legal frameworks for business conduct and insolvency procedures.