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Antitrust law in Deli Serdang, Indonesia, is governed by the principles laid out in the Indonesian Law No. 5 of 1999 regarding Prohibition of Monopolistic Practices and Unfair Business Competition. This law seeks to maintain the balance in the business sector by preventing monopolistic practices and promoting fair business competition. It applies not only to companies headquartered in Indonesia but also to overseas companies whose business activities can affect the Indonesian economy.
If you are starting a business, making strategic acquisitions, planning a merger, or facing allegations of unfair trade practices, you may need a lawyer experienced in antitrust law. Additionally, if you suspect a player in your market of monopolistic practices, such as price fixing, bid rigging, or market allocation schemes, an antitrust lawyer can guide you on your legal options.
The Indonesian Law No. 5 of 1999 outlines a variety of practices that are prohibited because they can lead to monopolistic practices or unfair business competition. These include agreements to fix prices, to allocate markets, to arrange winning losers in auctions, and certain mergers or consolidations that will result in monopolistic practices or unfair business competition. Furthermore, businesses are prohibited from engaging in predatory pricing, boycotts, and tying agreements.
A monopolistic practice refers to business behaviors that limit or prevent competition in the market. This includes activities such as price-fixing, market domination, or using predatory pricing to drive competitors out of the market.
Unfair business competition can refer to a wide range of practices such as the imitation of products, slander, false advertising, or any act that misleads consumers and harms other businesses.
Penalties for breaching antitrust law in Indonesia can be severe and may include fines, prohibition of certain business actions, and in serious cases, imprisonment.
Yes, overseas companies can be affected especially if their business activities can impact the condition of the economy in Indonesia.
If you suspect illegal activity, it is crucial to engage a lawyer experienced in antitrust law who can guide you on your legal rights and actions you can take.
The Commission for the Supervision of Business Competition (KPPU) is the government body responsible for enforcing the antitrust laws in Indonesia. Their website (www.kppu.go.id) provides a wealth of information on the subject. Furthermore, websites of local law firms can offer a deeper understanding of the law.
If you suspect monopolistic behavior or are facing allegations, the first step is to engage a lawyer experienced in antitrust law who can guide you. Prepare all relevant documentation and information on your situation to assist the lawyer in representing your case effectively.
