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Rosbalt, June 9, 2004

The Antimonopoly Service prepared a concept of a draft law "On Protection of Competition in the RF"

Moscow, June 9, 2004. The Antimonopoly Service developed a concept of a draft law "On Protection of Competition in the RF". According to Rosbalt correspondent, such a statement was made on Wednesday by the head of the Antimonopoly Service Igor Artemyev.

Artemyev said that the concept of the new document had been already forwarded to the Prime Minister. "The news= law will change in principle the system of legal relations in the protection of free competition," noted Artemyev. Thus, for example, not only the antimonopoly service but also any company or individual will be able to defend in court their rights against unfair competition. Artemyev also specified that the new draft law provided more accurate definition of "coordinated actions (collusion) of monopoly companies." "[The plaintiffs] will not need to provide us with agreements and documents specifying collusion, explained Artemyev. - It will be necessary simply to determine the ties in the coordinated behaviour of the "alleged" competitors."

Speaking about the new draft law, Artemyev also said that it planned to abolish the system of penalties for unfair competition: the penalties will be defined by the decision of a court of arbitration rather than by law.

The head of the Antimonopoly Service also informed the press that his Service planned to raise the minimum amount of deals subject to mandatory control on behalf of the Antimonopoly Service by 100 times. He also said that at present the Antimonopoly Service controlled all deals with assets amounting to more than 200,000 minimum wages. According to Artemyev, the draft law will be submitted to the Government in November 2004.

 

See also:

Anti-monopoly legislation

Rosbalt, June 9, 2004

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