ANTI TRUST LAW:Back in 2009 while working with Saudi Arabian Airlines as in house counsel in Jeddah I was honored to present Saudia in pleading the “antitrust” litigation filed by DOJ united State against my airlines along with thirty other international carriers. During this course of action I had experience to work with top class American Law Firms e-g Blanch law Firm (New York), Morrison & Foster, Dickson Shapiro (Washington DC), King & Spalding etc. and had chance to learn about the antitrust law. In USA the goals of antitrust law been enforced by the government and been shaped by statute, Presidents, and the Courts alike.

PREAMBLE : American antitrust legislation is based on The Sherman Act. However the law would enhanced to legislation of antitrust as a vast legal concept about antitrust under the Sherman Act which is providing a concrete foundation of antitrust law in United State of America.:

Introduction: Basically the Sherman Anti-Trust Act is the fundamental basis of American antitrust legislation. While later laws would expand upon the definition and enforcement of antitrust as a legal concept, the Sherman Act has provided the base and foundation of antitrust law for over one hundred years in the United States.

The Sherman Act criminalizes not only the act of restraint of trade and monopoly, but any attempt, intent, or conspiracy to engage in restraint of trade or monopoly. The act itself consists of seven sections which describes the details but about antitrust only first two are being implemented to the present-day antitrust.

Section 1. Trusts, etc., in restraint of trade illegal; penalty: - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court.

Section 2. Monopolizing trade a felony; penalty: - Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court.

Conclusion: Sherman Act has not provided the detailed key terminology of the act and also failed to define the exact restraint of trade or monopoly in general. Hence it becomes vital responsibility to gain authority granted to de facto to the courts and the government alike. In Pakistan the anti-trust bill for cracking down on business cartels, formalising it as an act of the parliament has been signed by the then president which shall provide the endorsement of the Competition Act of 2010 as legal cover to the Competition Commission of Pakistan (CCP). By this bill the legal existence of which shall be ceased after the lapse of the CCP ordinance on August 16.