1. There shall be prohibited agreements between undertakings, whose subject, purpose or impact is to distort, lessen,, prevent or restrict competition, and which lead to: a. Setting selling or purchasing prices of goods or services, directly or indirectly, by increasing, decreasing or fixing prices, contrary to the market price, in a manner that negatively affects competition; b. Determining the conditions of sale, purchase or service performance and the like; c. Collusive tendering or bidding in auctions, tenders, Dutch auctions and other supply offers; d. Freezing or limiting production, development, distribution or marketing operations or other economic activities; e. Collusive refusal to purchase from a specific undertaking(s) or sell or supply to a specific undertaking(s), and preventing or obstructing the exercise of their activity; and f. Restricting the free flow of goods and services to/from a specific market, including the unlawful concealment or storage or preventing the trade of goods, or otherwise fabricating the abundance of goods to be traded in an unreal price. 2. Subject to the provisions of Federal-Decree Law No. (3) of 2022 Regulating Commercial Agencies, and any other replacement law, there shall be prohibited agreements between undertakings that would distort, lessen, restrict or prevent competition, particularly agreements that are intended to: a. Share markets or segment customers on the basis of geographical areas, distribution centers, type of customers or seasons and periods, or on any other basis that negatively affects competition; and b. Take actions to obstruct the entry of undertakings to the market, exclude them from the said market or obstruct accession to existing agreements or business alliances.
Interpretation and application must be checked against the official text and current version.
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