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- প্রসঙ্গ ঃ প্রবাসী ও পররাষ্ট্রমন্ত্রী
» Legal analysis of Unfair Competition
প্রকাশিত: ০৫. জানুয়ারি. ২০১৯ | শনিবার
Everywhere in this world there is competition. Every Business has its own competitive behavior. Competition forces businesses to be well run and responsive to the demands of the free market. As long as all businesses are competing on a level playing field, capitalism dictates winners and losers.
The problem arises when people or businesses game the system and engage in unfair business practices. They use some unfair tactics which hampers the level playing field of businesses and its barred by Law. These tactics create Unfair Competition. And these unfair competition is essentially a deceptive or wrongful business practice that economically harms either consumers or business entities. Measures against unfair competition may give rise to criminal offenses and civil causes of action
For example :
• Antitrust Violation: Antitrust infringement/violation occurs when one competitor wants to throw other competitor out of market or tries to prevent him from entering market by predatory pricing or obtaining exclusive purchase rights to raw materials needed to make a competing product.
• Trademark infringement and passing off : It happens when the creator of an item utilizes a name, logo, or other distinguishing qualities to deceive consumers into thinking that they are purchasing the product of the competitor. In the United States, this form of unfair competition is prohibited under the common law and by state statutes, and governed at the federal level by the Lanham Act.
• Misappropriation of trade secrets: which occurs when one competitor uses espionage, bribery, or outright theft to obtain economically advantageous information in the possession of another. In the United States, this type of activity is forbidden by the Uniform Trade Secrets Act and the Economic Espionage Act of 1996.
• Trade Liable: Its occurs when one competitor spread false news regarding his rivals products . Example: ( Quality of rival’s product).
• Tortious interference : which occurs when one competitor convinces a party which have business relationship with another competitor or have a contact with, forces him to breach a contract with, or duty to, the other competitor is also prohibited at common law.
Nowadays in most countries there is Unfair Competition protection. In Bangladesh we also have a unfair competition act which named competition act and has been passed in 2012.
The Summary of the Competition Act, 2012:
Outlawing anti-competitive agreements:
No one is allowed to enter into any agreement or understanding, directly of indirectly, regarding production, supply, distribution, storage or acquisition of products that may cause adverse effect on the market competition or result in monopoly or oligopoly.
Outlawing abuse of dominant position:
No firm/Businesses shall abuse its dominant position in the market. The following would be treated as an abuse of dominant position:
Direct of indirect imposition of unfair price or purchase condition or discriminating price.
Restriction of production of goods and technical as well as any scientific developments.
Denial of market access in any form.
Imposition of any supplementary obligations at the time of purchase.
Use of power in any form to enter into the market or protect other relevant market
Victor Prentice, : is a student of Law in Independent University