State Duma adopts third set of antitrust bills
MOSCOW, November 22 - RAPSI. The State Duma adopted in the third reading the third set of presidential antitrust bills on Tuesday.
The bills have amended competition law, the Criminal Code, the Code of Administrative Violations and a number of other legislative acts.
The amendments have also established a clearer procedure for recognizing monopoly prices. A price will not be deemed a monopoly price if it was developed in an auction.
The amendments will reduce restrictions on entities' agreements and concerted actions and reasons to declare such agreements cartels.
The amendments add guarantees to persons under investigation on suspicion of breaking antitrust law. They will establish a minimum requisite period for market analysis of no less than one year.
The amendments will require setting up a register of individuals who have incurred administrative liability.
The antitrust authority will be entitled to cancel public tenders conducted in violation of regulations, maintain registers of persons held liable for abusing their dominant position, and keep lists of public officers made accountable for restricting competition.