Letter to BS: Inserting settlement clause in Competition Act is a good move

The telecom sector is currently witnessing a plethora of legal battles

This refers to “Competition Act to have clause on settlement” (October 21). The government's move to introduce a commitment and settlement clause in the Competition Act shows its intent to provide an opportunity to companies found on the wrong side of the competition law to resolve the dispute without going in for a legal battle. This would hopefully save time and resources on both sides. Also, the government is right in its assertion that the insertion of a settlement clause in the Competition Act would further improve the ease of doing business. Given the opportunity, companies would like to settle