Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

Some restrictive agreements can be exempted under Article 19(2) of the MRFTA if the Competition authority authorizes them because they meet the requirements specified in the Enforcement Decree of the MRFTA. These agreements must be concluded for purposes such as industrial rationalization, research and technology development, overcoming economic depression, industrial restructuring, rationalizatio …

Exemptions

Article 19(1) of the MRFTA prohibits any agreements between competitors that unreasonably restrict competition like fixing, maintaining or altering prices; determining terms of trade or payment conditions for goods or services; restricting production, distribution or transaction; limiting or allocating geographic areas or customers; restricting the establishment or extension of facilities and preventing the installation of new equipment; restricting the types or specifications of traded goods or services; jointly carrying out the main parts of a business, or jointly establishing a company for the same purpose; determining the successful bidder or the highest bid in bidding or auctions; any other practices that substantially restrict competition in a particular market by obstructing or restraining other companies business activities.

The regulations apply not only to formal agreements but also to informal practices where two or more undertakings are conducting any activity which restricts competition in a particular market or in the case of a consultation between competitors.

The prohibition

Some restrictive agreements can be exempted under Article 19(2) of the MRFTA if the Competition authority authorizes them because they meet the requirements specified in the Enforcement Decree of the MRFTA. These agreements must be concluded for purposes such as industrial rationalization, research and technology development, overcoming economic depression, industrial restructuring, rationalization of transaction terms and conditions, enhancement of small-and medium sized companies' competitiveness. But, since the requirements are very hard to satisfy, there have been few applications for individual exemptions.

Global Competition Law

1277. Exemptions

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Les notions juridiques connexes

1277. Exemptions

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise