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The Federal Antimonopoly Service presented a new version of the law to combat digital monopolies

September 15, 2020, 10:32 (UTC+3)|

The Federal Antimonopoly Service of the Russian Federation (FAS) proposed amendments to the Code of Administrative Offenses (CAO): a company fined for violating antimonopoly laws and receiving a corresponding order (to stop violations of antimonopoly laws, rules of non-discriminatory access to goods, services or works, and to restore competition) , but not fulfilling it, can be fined again in the amount of twice the first fine. The amount of the new fine may not be less than $1,3 thousand  and more than one fiftieth of the proceeds of the offending company in the year preceding the violation.

Such an initiative is contained in the new version of the Fifth Antimonopoly Package, which FAS sent for approval to specialized departments and several specialized associations. The document is aimed at combating digital monopolies, owners of large infrastructure and Internet platforms, if they dominate the market.

In addition, in the new version of the Fifth Antimonopoly Package, the meaning of the term "network effect" is corrected - the dependence of the consumer value of a product on the number of consumers; the institute of experts is introduced, the opinion of which the FAS intends to take into account when considering petitions and antitrust cases.

Original (in Russian)


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