Water Demand In Dhaka City Dr A.K. ENAMUL HAQUE Co-authors: MUNTASIR CHAUDHURY PARVEZ KARIM ABBASI.
Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United...
-
Upload
constance-copeland -
Category
Documents
-
view
216 -
download
0
Transcript of Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United...
![Page 1: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/1.jpg)
Competition LawDefinition and ScopeDr. A.K. Enamul HaqueProfessor of EconomicsUnited International University
![Page 2: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/2.jpg)
• Goal:
• Ensure fair price of products and services
• Improve efficiency in production
• Encourage innovation
All competitive prices areAre fair prices
Why competition law?
![Page 3: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/3.jpg)
Problems of non-competition!• Collusion – sellers collude to raise price
• Abuse of dominance – big market share holders use various measures to create entry barriers−Predatory pricing−Exclusive deals−Tying −Conditional sales−Denial −Resale price control
![Page 4: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/4.jpg)
Problems of non-competition• Bid rigging
• Any type of entry barriers
• Restriction on prices
• Merger to reduce competition
• Acquisition to reduce competition
• Combination
![Page 5: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/5.jpg)
Bangladesh Competition Law 2012• Applicable on all commercial
transaction – includes sale, supply, production, distribution and also storage
• Excludes−National security related goods and
services −Sectors not open for private investment
![Page 6: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/6.jpg)
CCB• To establish a Competition Commission in
Bangladesh through a Gazette notification
• A statutory body with quasi-judicial powers
• 1 Chairperson
• Maximum 4 Members−Economics, Market Expert, Public
Administration and Law−No two from one area−Each with at least 15 years of experience in
relevant area.
![Page 7: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/7.jpg)
CCB continues• Chairperson is the CEO
• Tenure for 3 years with 1 renewal possibilities
• Up to 65 years
![Page 8: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/8.jpg)
Responsibilities of CCB• To promote competition and remove
anti-competitive behaviour• To investigate upon receiving
complains or on suo motto.• To sue • Approve merger and acquisition• Training and awareness• Establish standards related to
competitive behavior• Research, seminar, etc.• Protect consumers’ rights
![Page 9: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/9.jpg)
CCB powers• Civil Procedure 1908
• Penal Code 1860 section 196, 193, 228
• It is a civil court
![Page 10: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/10.jpg)
CCB - authorities• Anti-competitive agreements
−To create monopoly, cartel, through collusion−Price fixing−Bid rigging−Restricting innovation−Distribution of market geographically
• Abuse of dominance−Combination−Exclusive sale or distribution agreement−Denial −Fixing resale price
![Page 11: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/11.jpg)
CCB authority• Predatory pricing
• Creating restriction for entry
![Page 12: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/12.jpg)
CCB process• Investigation based on
−Complains or on its own
• Can pass interim order effective up to 60 days with provision to increase for another 60 days−Appeal is allowed within 30 days
![Page 13: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/13.jpg)
CCB • Punishment
−Deter −Fine up to 10% of the average turnover of
past 3 years−In case of cartel
• 3 times the profit or 10% of the average turnover of past three years (whichever is greater)
−Additional fine for non-compliance• 1 lakh per day• And or 1 years of jail sentence
−Authority to order split/de-coupling of a company
![Page 14: Competition Law Definition and Scope Dr. A.K. Enamul Haque Professor of Economics United International University.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649ebc5503460f94bc4c5c/html5/thumbnails/14.jpg)
Limits• To deal with issues which are
affecting competition
• Can investigates matters outside Bangladesh which might affect competition in Bangladesh
• Appeal within 60 days−With 25% deposits−In a Session Judge Court