Protects fair competition and combats monopolistic and anti-competitive practices.
This Law aims to protect and promote competition and prevent monopoly and restrictive practices.
Agreements that fix prices, divide markets, or restrict production are prohibited.
A person is considered dominant if their market share exceeds the percentage determined by the Authority.
The dominant person is prohibited from exploiting their position in ways that harm competition or consumers.
Parties must notify the Authority at least 25 days before any planned merger.
Violations are penalized by a fine not exceeding 10% of annual revenues in the relevant market.
The Authority has the power to conduct investigations and request information from relevant parties.
Those harmed by anti-competitive practices may claim compensation before the competent court.