Business Competition Law
商业竞争法
ກົດໝາຍ ວ່າດ້ວຍແຂ່ງຂັນທາງທຸລະກິດ
Summary
This Law stipulates the fundamental rules governing commercial competition activities, aiming to uphold the order of fair competition in the market and protect the lawful rights and interests of business operators and consumers. This Law applies to all types of commercial entities engaged in the production, sale, or provision of services of goods within the territory of Laos, explicitly prohibiting restrictive competition practices, abuse of dominant market position, and unfair competition methods, while establishing relevant supervisory responsibilities and legal liabilities.
Articles
Article 1
Article 1 Objectives
This Law determines principles, regulations and measures for managing and
monitoring the competition in business activities in order to make such competition
lawful, fair, transparent, flexible and equal, and aims to prevent and counter the unfair
competition and the restriction of the business competition as well as to protect rights
and interests of the State, business operators and consumers, which contributes to
regional and international integration, and the expansion and sustainability of the
national socio-economic development.
Article 2
Article 2 Competition
Competition shall be the competition among the same type of business operators in
conducting activities with regard to quality, quantity, price and others, aiming to
achieve their business objectives.
Article 3
Article 3 Definitions
The terms used in this Law shall have the following meanings:
1. Business operation refers to the business activities regarding production, trade
and services;
2. Market refers to the scope of business activities where buyers, sellers and
service providers directly or indirectly contact and agree to buy and sell goods and
services;
3. Market share refers to the percentage of the value of purchasing and selling of
goods and services of any enterprises in the relevant market;
4. Relevant market refers to the relevant product and service markets, and the
geographical market:
Product and service markets refer to the scope of purchasing and selling goods
and services which may be substituted in terms of characteristics, purpose of use and
price;
Geographical market refers to the scope of any specific geographical area in
which goods and services may be interchanged with or substituted for each other;
5. Business secret refers to undisclosed information regarding method, production
process, business operation or services;
6. Merger of enterprises refers to an act whereby two or more enterprises agree
to transfer all of their legitimate assets, rights, obligations and interests to become either
the existing enterprises or a new enterprise;
7. Acquisition of enterprise refers to an act whereby an enterprise agrees to buy
a part or all of assets of other enterprise to be under its ownership and administration;
8. Joint venture refers to partnership investment of two or more enterprises
agreeing to join legitimate assets, rights, obligations and interests to form a new
enterprise;
9. Business association refers to an organization which is voluntarily established
and regularly operated as a non-profit organization, to protect legitimate rights and
interests of association and of its members;
10. Quality of goods refers to a level that defines characteristics, features, and
suitability for the consumption of such goods.
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