Iceland (December 6, 2000): Difference between revisions
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'''Score = | '''Score = 18''' | ||
''Governed by:'' Law No. 8/1993 as amended by Law No. 24/1994, 83/1997, 82/1998, and 107/2000 (hereinafter referred to as “Competition Act”).<ref>Iceland's competition authority, http://www.samkeppni.is/</ref><ref>Competition statute, http://www.globalcompetitionforum.org/regions/europe/Iceland/ice_cl.pdf</ref> | ''Governed by:'' Law No. 8/1993 as amended by Law No. 24/1994, 83/1997, 82/1998, and 107/2000 (hereinafter referred to as “Competition Act”).<ref>Iceland's competition authority, http://www.samkeppni.is/</ref><ref>Competition statute, http://www.globalcompetitionforum.org/regions/europe/Iceland/ice_cl.pdf</ref> | ||
Latest revision as of 13:14, 12 October 2007
Score = 18
Governed by: Law No. 8/1993 as amended by Law No. 24/1994, 83/1997, 82/1998, and 107/2000 (hereinafter referred to as “Competition Act”).[1][2]
| Category | Subcategory | Score | Comment |
|---|---|---|---|
| Scope | Extraterritoriality | 1 | Article 3 says that the Act applies to agreements which are intended to have an effect in Iceland. |
| Remedies | Fines | 1 | Article 51 says that the Council can impose fines on undertakings that violate the other articles. |
| Prison Sentences | 1 | Article 57 allows for prison sentences for certain serious breaches of the Act. | |
| Divestitures | 0 | ||
| Private Enforcement | 3rd Party Initiation | 0 | |
| Remedies Available to 3rd Parties | 0 | ||
| 3rd Party Rights in Proceedings | 0 | ||
| Merger Notification | Voluntary | 0 | |
| Mandatory | 3 | Article 18 requires notification of a merger. | |
| Pre-merger | 2 | Article 18 requires that notification occur within a week of the conclusion of the merger or the announcement of the bid. | |
| Post-merger | 0 | ||
| Merger Assessment | Dominance | 1 | Article 18 says that the Competition Council can deem that a merger obstructs effective competition if it creates or strengthens a dominant position. |
| Restriction of Competition | 0 | ||
| Public Interest (Pro D) | 0 | ||
| Public Interest (Pro Authority) | 0 | ||
| Other | 0 | ||
| Efficiency | 0 | ||
| Dominance | Limits Access | 1 | Article 11(b) lists limiting production and markets to the prejudice of customers as an abusive act. |
| Abusive Acts | 1 | Article 11 bans abusive acts by undertakings of a dominant position. | |
| Price Setting | 1 | Article 11(a) lists price setting as an abusive act. | |
| Discriminatory Pricing | 1 | Article 11(c) lists applying dissimilar conditions to equivalent transactions as an abusive act. | |
| Resale Price Maintenance | 1 | RPM is prohibited under Article 10. | |
| Obstacles to Entry | 0 | ||
| Efficiency Defense | 0 | ||
| Restrictive Trade Practices | Price Fixing | 1 | Article 10(a) prohibits price fixing. |
| Tying | 1 | Article 10(e) prohibits tying arrangements. | |
| Market Division | 0 | ||
| Output Restraint | 1 | Article 10(b) prohibits limiting production. | |
| Market Sharing | 1 | Article 10(c) prohibits market sharing. | |
| Eliminating Competitors | 0 | ||
| Collusive Tendering/Bid-Rigging | 1 | Collusive tendering is included under Article 10(a). | |
| Supply Refusal | 0 | ||
| Efficiency Defense | 1 | Article 16 exempts from Article 10 agreements that contribute to improving the production or distribution of goods and promoting economic or technological progress. |
References
- ↑ Iceland's competition authority, http://www.samkeppni.is/
- ↑ Competition statute, http://www.globalcompetitionforum.org/regions/europe/Iceland/ice_cl.pdf