ANTICOMPETITIVE BUSINESS CONDUCT Sample Clauses

ANTICOMPETITIVE BUSINESS CONDUCT. 1. Each Party shall adopt or maintain measures to proscribe anticompetitive business conduct (12-1) with the objective of promoting economic efficiency and consumer welfare, and shall take appropriate action with respect to such conduct. 2. Each Party shall establish or maintain an authority responsible for the enforcement of its measures to proscribe anticompetitive business conduct. The enforcement policy of the Parties' national authorities responsible for the enforcement of such measures includes not discriminating on the basis of the nationality of the subjects of their proceedings. Each Party shall ensure that a person subject to the imposition of a sanction or remedy for violation of such measures is provided with the opportunity to be heard and to present evidence, and to seek review of such sanction or remedy in a domestic court or independent tribunal. (12-1) Singapore shall enact general competition legislation by January 2005, and shall not exclude enterprises from that legislation on the basis of their status as government enterprises.

ANTICOMPETITIVE BUSINESS CONDUCT. 1. Each Party shall adopt or maintain measures to proscribe anticompetitive business conduct12-1 with the objective of promoting economic efficiency and consumer welfare, and shall take appropriate action with respect to such conduct. 2. Each Party shall establish or maintain an authority responsible for the enforcement of its measures to proscribe anticompetitive business conduct. The enforcement policy of the Parties' national authorities responsible for the enforcement of such measures includes not discriminating on the basis of the nationality of the subjects of their proceedings. Each Party shall ensure that a person subject to the imposition of a sanction or remedy for violation of such measures is provided with the opportunity to be heard and to present evidence, and to seek review of such sanction or remedy in a domestic court or independent tribunal. ▇▇-▇ ▇▇▇▇▇▇▇▇▇ shall enact general competition legislation by January 2005, and shall not exclude enterprises from that legislation on the basis of their status as government enterprises.

ANTICOMPETITIVE BUSINESS CONDUCT. Each Party shall adopt or maintain competition laws that proscribe anticompetitive business conduct, with the objective of promoting economic efficiency and consumer welfare, and shall take appropriate action with respect to such conduct.