The law-making process is about making and enacting new laws or revising existing laws. In the Kingdom of Cambodia, three institutions can initiate the law-making process: any member of the National Assembly, any member of the Senate and the prime minister. Most of the texts presented come from the prime minister..
What is Competition Law in Cambodia?
The Competition Law prohibits any business combination that has or may have the object to significantly prevent, restrict, or distort competition in a market, or the business combination that has or may have such effect..
What is the law on unfair competition in Cambodia?
According to the Cambodia Law concerning Marks, Trade Names and Acts of Unfair Competition, Chapter 7(Act of Unfair Competition): Article 22: Any act of competition contrary to honest practices in industrial, commercial, service matters shall be considered as act of unfair competition..
The Competition Act specifically prohibits dominant entities from engaging in denial of market access, imposing unfair conditions on market participants, restricting production of goods, provision of services or technological or scientific development, and leveraging their dominance in one market to enter or protect
The law-making process is about making and enacting new laws or revising existing laws. In the Kingdom of Cambodia, three institutions can initiate the law-making process: any member of the National Assembly, any member of the Senate and the prime minister. Most of the texts presented come from the prime minister.
Article 5: The Competition Commission of Cambodia Any provisions of other laws of the Kingdom of Cambodia contrary to this law are.
Abuses of Dominant Market Position
The second section of Chapter III describes the activities considered abuses of dominant market position. According to the Law, a dominant market position means a situation in which a person has the power to act in a market significantly without any effective constraint from other competitors. According to Article 9, the following activities are pr.
Agreements Preventing, Restricting, Or Distorting Competition
Chapter III of the Law describes the prohibited activities that prevent, restrict, or distort competition. The Law defines this as the extent or degree of impact on competition for goods or services as determined by the Cambodia Competition Commission through economic analysis or any other means of analysis. The first section of this chapter lays o.
Business Combinations
Section three of Chapter III relates to business combinations. The Law defines business combinations as the acquisition of the right of control or voting rights through the purchase of shares or assets by one person from any other persons, or the combination of two or more persons to acquire joint ownership of an existing legal person or a new lega.
Exemptions
Section four of Chapter III states a number of exemptions for the prohibited activities relating to horizontal and vertical agreements, abuses of dominant market position, and business combinations. Article 12 states that activities or agreements can gain an exemption if they meet the following four conditions:. 1) There are significant identifiable.
What is Cambodia's anti-trust law?
In October 2021, Cambodia issued its first-ever anti-trust law after 15 years of delays. The law lays out the prohibited activities that can distort market competition. Before the Competition Law was issued, businesses used a variety of laws such as:
the Law Concerning Marks to stay compliant.
What is prohibited in Cambodia?
Most importantly, the Law lays out the activities that are prohibited in Cambodia because they prevent, restrict, or distort market competition. These are delineated in three major categories:
horizontal and vertical agreements
abuses of dominant market position
and business combinations.
What is the Cambodia Competition Commission (CCC)?
Although the Law is already in effect, the Cambodia Competition Commission was established in February 2022. The CCC is to hold ordinary meetings at least four times per year and can hold an extraordinary meeting upon the request of the CCC chairman. What are the Rules for Implementing Value-Added Tax on Foreign E-commerce Activities in Cambodia? .
What is the law on competition in Cambodia?
The Law on Competition expressly bars activities which prevent, restrict or distort competition in the Cambodian market. Essentially, the Law on Competition addresses three key prohibitions, being (1) anti-competitive agreements (horizontal or vertical agreements), (2) abuses of a dominant position, and (3) anti-competitive business combinations.
Competition law cambodia pdf
Cambodian political party (2012-2017)
The Cambodia National Rescue Party was a major political party in Cambodia. It was founded in 2012 as a merger between the Sam Rainsy Party and Human Rights Party.
The Cambodian Constituent Assembly was a body elected in 1993 to draft a constitution for Cambodia as provided in the 1991 Paris Peace Agreements. The writing of the Cambodian Constitution took place between June and September 1993 and it resulted in the transformation of the political situation of Cambodia from civil-war-marred, autocratic oligarchy to a constitutional monarchy. Achieved under the guidance, auspices and funding of the United Nations Transitional Authority in Cambodia (UNTAC), the drafting of the constitution was the culmination of a larger, $1.6 billion effort to end the decades-old country’s civil wars and bring the warring parties into political, rather than military competition. The result of the process was the creation of a constitution for Cambodia that, at least on paper, guarantees free political competition, regular elections, equal rights and representation and universal suffrage.
