The US FTC issues guidance on scope of "unfair competition" under section 5 of FTC Act

FTC Issues Guidance on Scope of "Unfair Competition" Under Section 5 of FTC Act* In a short statement issued August 13, 2015, the FTC issued guidance regarding how it will interpret Section 5 of the FTC Act. Section 5 is a little-used antitrust statute for which the FTC has issued no guidance in the Act’s 100-year history. It states that “[u]nfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce” are unlawful. When drafting the statute, however, Congress did not define specific acts or practices which would constitute unfair competition, leaving considerable uncertainty in the interpretation of the law. While most of the Commission’s enforcement actions have been

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  • Womble Bond Dickinson (Charlotte)

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Amanda Norris Ames, The US FTC issues guidance on scope of "unfair competition" under section 5 of FTC Act, 13 August 2015, e-Competitions August 2015, Art. N° 75450

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