Respecting the principles of competition and consumer protection in liquidation sales: a comparative study

Tariq Kameel, Nour Alhajaya, Fayez Alnusair and Mohammad Alkrisheh

International Journal of Economics and Business Research, 2023, vol. 25, issue 4, 506-521

Abstract: This article discusses the most relevant restrictions placed upon liquidation sales to respect the principles of competition, while avoiding involvement in anti-competitive practices, mainly as liquidations involve the reduction of the prices of goods. Additionally, the article discusses the assurances placed when obtaining authorisation for liquidation sales that seek to protect consumer rights, concluding with a description of the research's most important results and recommendations. Its connection and impact not only impact the realm of consumer protection, but are also relevant to the principles of fair market competition. The significant effects on consumers' freedom to exercise their right to choose freely and transparently without any restrictions while laying safeguards to protect consumers within the principles of free market, are also discussed The paper aims is examine the legal framework of liquidation sales in the legal systems of the countries understudy and its impact on consumers interests the precautions and safeguards within the legal systems understudy.

Keywords: liquidation sales; consumers; competition laws; suppliers. (search for similar items in EconPapers)
Date: 2023
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