Competition Law

Section 1 - Competition Law

1.1 - Monopolies may not be established within the Kodiak Republic .

1.2 - Business interests shall be mediated in the Business Arbitration Court .

Section 2 - Anti-Monopoly

2.1 - Non-market methods of competition are equated with:

2.1.1 - A statement about the non-existent properties of a product or service.

2.1.2 - Not informing consumers about the properties of the product or service

2.1.3 - Establishment and/or maintenance of monopolistically high or monopolistically low prices of goods and or services.

2.1.4 - Withdrawal of goods or services from circulation, if the result of such withdrawal was an increase in the price of the goods.

2.1.5 - 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.

2.1.6 - Economically unjustified refusal to conclude a contract with buyers if there is a possibility of production or supply of the corresponding goods or services.

2.1.7 - Creation of obstacles to access to the commodity market or exit from the commodity market to other economic entities.

2.2 - The Anti-Monopoly Commission may fine breaches of anti-monopoly laws at 5% of the market capitalization of the enterprise and is doubled for each fine of the enterprise .