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Competition Law in Russia
The Law on the Protection of Competition came into effect in the Russian Federation on 26 October 2006. The stated aim for establishing of the law was to bring the Russian Federation to be in line with the general trend of competition regulation in Europe. Beyond western European competition laws against dominance, the Competition Law in Russia expressly presumes existence of dominance by defining limits.
The law also places restrictions on aids from, and public procurement policies of, federal, provincial or municipal governments that otherwise would encourage anti-competition. The law is enforced by the Federal Anti-Monopoly Service (FAS). The law also gives the FAS authority over approval of company mergers stipulating various combinations of limits of assets of merging companies, an excess of which would require prior approval from the FAS. The scope of regulation of the FAS is focused on the commodity market and financial services with mandates over operations and transactions not just within the Russian Federation but also those taking place outside the boundaries of Russia which would have anti-competitive effects on the Russian market place. In addition to a separate competition law, the Code of Administrative Offences has also been amended to increase liability of anti-competitive practices. Punitive measures against anti-competitive practices are limited out in terms of percentages of revenues of a company.
http://en.wikipedia.org/wiki/Antitrust Date: 2015-10-18; view: 577; Нарушение авторских прав |