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The law aims at improving the legal regulation of measures to protect competition in the aim of ensuring a unified economic space, the free movement of goods and freedom of economic activity throughout the territory of the Russian Federation. The law’s objective is to put in place the conditions for effectively functioning goods markets.
The law defines the organisational and legal foundations for protecting competition, including through preventing and suppressing monopoly activity and unfair competition.
Based on legal practice, the law clarifies the definition of the basic concept of what constitutes a good under competition legislation. Under this definition, the regulation of competition can also include relations involving the turnover of objects of civil rights.
The law prohibits the bodies of state power, the state extra-budgetary funds and the Central Bank from taking or carrying out action (inaction) that leads or could lead to the restriction or suppression of competition.
The law defines the functions and powers of the antimonopoly body, the economic concentration control parameters, the procedures for examining cases of breach of the antimonopoly laws and liability for such violations.
July 26, 2006