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An Amendment to The Business Competition Act, 654: Difference between revisions

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An Amendment to The Business Competition Act, 654 (view source)

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(Created page with "=An Amendment to the Business Competition Act, 654= ''An Amendment to Create an Anti Monopoly Commission .'' ''ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.'' ==Article One - Creation of the Antimonopoly Commission== :3.1 - An Antimonopoly Commission is being created under the Ministry of Labor and Commerce. :3.2 - The Antimonopoly Commission is formed by the Minister of Labor and Commerce at his discretion. :3.3 - The Antimonopoly Commission is authorized to...")
 
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=An Amendment to the Business Competition Act, 654=
 
''An Amendment to Create an Anti Monopoly Commission .''<br>
''ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.''
 
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:3.3 - The Antimonopoly Commission is authorized to fine enterprises for using non-market methods of competition.
:3.4 - Non-market methods of competition are equated with:
:●* A statement about the non-existent properties of a product or service.
:●* Not informing consumers about the properties of the product or service
:●* Establishment and/or maintenance of monopolistically high or monopolistically low prices of goods and or services.
:●* Withdrawal of goods or services from circulation, if the result of such withdrawal was an increase in the price of the goods.
:●* Economically unjustified reduction or termination of production of goods, if there is demand for this product or orders for its delivery are placed, if there is a possibility of its cost-effective production.
:●* Economically unjustified refusal to conclude a contract with buyers if there is a possibility of production or supply of the corresponding goods or services.
:●* Creation of obstacles to access to the commodity market or exit from the commodity market to other economic entities.
:3.5 - The amount of the fine is set at 5% of the market capitalization of the enterprise and is doubled for each fine of the enterprise.
:3.6 - The Antimonopoly Commission is funded by 400,000 florins per year.
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