The Business Competition Act (Inter)

An act to regulate the market strength of large corporations.
Enacted during the Great Interregnum.
Amended by the Labor Reform Resolution, 645.

Article 1 - Competition Law

1.1 - Monopolies may not be established within the Kodiak Republic

1.2 - An arbitration court shall be established to mediate between business interests.

1.3 - The Business Arbitration Court shall be quarterly funded with ₣7,950,000.

Article 2 - Entrepreneurial Aide Agency

2.1 - Creates the Better Business Council [BBC]

2.1.1 - Authorizes Government loans for medium businesses, with a threshold of 5,000,000 florins annual income in the last financial year.

2.1.2 - Authorizes Government loans for small businesses, with a threshold of 1,000,000 florins annual income in the last financial year.

2.1.3 - Authorizes Government loans for start-up or micro businesses with less than 100,000 florins of starting capital.

2.2 - Funds ₣43,000,000 quarterly to the Ministry of Commerce for the administration of the BBC

2.3 - Funds ₣782,000,000 quarterly to the Better Business Council for government grants.

Article 3 - Creation of the Anti-Monopoly Commission

3.1 - An Anti-Monopoly Commission is being created under the Ministry of Labour and Commerce.

3.2 - The Anti-Monopoly Commission is formed by the Minister of Labour and Commerce at his discretion.

3.3 - The Anti-Monopoly Commission is authorized to fine enterprises for using non-market methods of competition.

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

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

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

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

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

3.4.5 - 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.

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

3.4.7 - 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 Anti-Monopoly Commission is funded by 1 000 000 florins per quarter.