11 Acts of Agreement That Restrict Competition According to the 2018 Competition Law

According to the current provisions in Competition Law 2004, anti-competitive agreements include:

- Agreements on fixing the prices of goods and services, either directly or indirectly;- Agreements on dividing customers, dividing consumption markets, sources of supply of goods, provision of services;- Agreements on limiting or controlling the quantity, volume of production, purchase, sale of goods, provision of services;- Agreements to allow one or more parties to win bids when participating in tenders for the provision of goods, provision of services;- Agreements to prevent, restrain, or not allow other enterprises to participate in the market or develop their business;- Agreements to eliminate from the market enterprises that are not parties to the agreement;- Agreements to limit the development of technology, technology, limit investment;- Agreements to impose or set conditions for other enterprises to sign contracts for the purchase, sale of goods, provision of services, or agreements to force other enterprises to accept obligations not directly related to the subject matter of the contract;

In addition to the above acts, Competition Law 2018 adds 3 more anti-competitive acts:

- Agreement not to transact with parties not involved in the agreement;- Agreements to limit the consumption market of products, sources of supply of goods, provision of services of parties not involved in the agreement;- Other agreements that have an impact or are likely to have an impact on restricting competition.

More details can be found in Competition Law 2018 effective from September 1, 2018.

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