Common use of Anti Competitive Practices Clause in Contracts

Anti Competitive Practices. 1. For the purposes of this Chapter, “anti-competitive practices” refer to: (a) horizontal or vertical agreements, concerted practices or arrangements between enterprises, which have as their object or effect the prevention, restriction or distortion of competition; and (b) the abuse by one or more enterprises of a dominant position in a market. 2. The enforcement policy of the Parties’ national authorities shall be consistent with the principles of transparency, non-discrimination and procedural fairness. 3. When applicable, Colombia may implement its obligations under this Article through the Andean Community competition laws and the Andean enforcement authority. Rights and obligations under this Chapter will only apply between Colombia and the EFTA States.

Anti Competitive Practices. 1. For the purposes of this Chapter, “"anti-competitive practices” " refer to: (a) horizontal or vertical agreements, concerted practices or arrangements between enterprises, which have as their object or effect the prevention, restriction or distortion of competition; and (b) the abuse by one or more enterprises of a dominant position in a market. 2. The enforcement policy of the Parties’ ' national authorities shall be consistent with the principles of transparency, non-non- discrimination and procedural fairness. 3. When applicable, Colombia may implement its obligations under this Article through the Andean Community competition laws and the Andean enforcement authority. Rights and obligations under this Chapter will only apply between Colombia and the EFTA States.