Law on Protection of Competition

At the moment, the market economy operates in most developed countries . The main condition for ensuring its effective functioning is freedom of competition. This task is being solved at the state level.

Competition is a rivalry between actors, in which the possibility that one of them will unilaterally affect the terms of trade at the appropriate level of the market is excluded.

In order for organizations to obtain the necessary opportunities for their functioning, their rights and obligations are fixed in legal documents. The Law on the Protection of Competition focuses on the prevention of monopolistic activities. In addition, it contains clauses that stop unfair competition and counter the competition between organizations on the part of government and government.

The considered area of economic activity is strictly regulated by the legislation. The most important and basic legal document is the Federal Law on Protection of Competition. Conscientious competition between entities is also discussed in the law on joint-stock companies, on entrepreneurship.

The Law on the Protection of Competition includes 10 chapters, which are divided into 54 articles. Let's try to consider the main points of this legal document. The first chapter outlines the general provisions of the law. That is, it contains the basic concepts (for example, "financial organization", "goods" and much more), the definition of the purpose and subject of the law. The first chapter also specifies the coordination of actions of organizations and business entities.

The Law on Protection of Competition includes the second chapter, which is aimed at regulating unfair competition and monopolistic activities. In particular, it contains articles that exclude the possibility of abuse of a dominant position. Also, the second chapter of the law regulates the permissibility of "vertical" transactions and agreements.

The third chapter prohibits the restriction of healthy competition from the executive authorities, as well as local self-government. It also sets out the antimonopoly requirements for the request for price quotations for products, as well as for bidding. The third chapter regulates the peculiarities of concluding transactions and contracts with various financial organizations.

The fifth chapter indicates the legal restrictions of municipal and state preferences. The sixth chapter regulates the powers and functions of antimonopoly bodies. The seventh chapter indicates the mandatory state influence on the economic concentration that arises in the field of protecting rivalry between entities.

The Law on Protection of Competition includes the eighth chapter, which is the most important in this legal document. It fixes the mandatory enforcement of orders and decisions of antimonopoly bodies. Also in the chapter the responsibility for infringement of points of the considered legal document and a condition of compulsory division of the organizations is specified.

The ninth chapter specifies the procedure for dealing with cases involving a full or partial violation of the antimonopoly legislation. The tenth chapter of the legal document contains the final provisions of the law. It also regulates the timing of the entry into force of the document in question.

Let's sum up. Law 135 of the Federal Law on Protection of Competition is aimed, first of all, at preventing monopolistic activities of organizations. Its heads also regulate the conditions of competition between business entities. In a market economy, this legal document is very important and significant.