LAW OF ТНЕ REPUBLIC OF ARMENIA ON PROTECTION OF ECONOMIC COMPETITION. Country/Territory Armenia Document type Legislation Date 2000 (2018) Source FAO, FAOLEX Subject General Keyword Business/industry/corporations Consumer protection Internal trade Geographical area Asia, CIS (Commonwealth of Independent States), Europe, Europe and Central Asia, Landlocked Developing Nations, Western Asia Entry into force notes This Law enters into force on the date of its official promulgation. Abstract The objective of the Law is to protect and encourage free econom1c competition, ensure аn appropriate environment for fair competition, promote development of entrepreneurship and protection of interests of consumers in the Republic of Armenia. This Law shall apply to actions or conduct of economic entities, state bodies, as well as officials thereof, which lead or may lead to restriction, prevention, blocking of economic competition, or to an act of unfair competition, except as otherwise provided by law, or which may prejudice the interests of consumers. This Law shall not apply to relationships pertaining to intellectual property rights, except as otherwise provided by this Law. Economic competition shall be intended economic activity aimed at ensuring the most favourable conditions for sale or acquisition of goods, as a result of which the possibility of each competitor to unilaterally influence the general conditions of circulation of goods in the goods market in question becomes objectively restricted. Within the meaning of this Law, an economic entity shall be deemed to have a monopolistic position in the goods market if it has no competitor as a seller or acquirer. It is prohibited for economic entities to abuse their monopolistic or dominant position. A sale or acquisition price set by an economic entity having a dominant position, which is higher than the sum of the expenses and profit of production and sale of the good in question, as well as higher than the price formed in competitive conditions in commodity market which is comparable in terms of its composition of acquirers or sellers of goods, conditions of circulation of goods, conditions of accessibility of goods. Any action or conduct of an economic entity contradicting this Law, other laws, legal acts or customary business practices, violating the principles of fairness, i.e. honesty, equity, truthfulness and/or impartiality, among competitors or between competitors and consumers shall be deemed to be unfair competition. Unfair competition is prohibited. Full text Russian Website www.arlis.am