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ARMENIAN STATE COMMISSION ON ECONOMIC COMPETITION IS MORE UNYIELDING
news.am
Sept 27 2011
Armenia
YEREVAN. - In the first 9 months of 2011, the Armenian State Commission
for the Protection of Economic Competition (ASCPEC) authorized 87
penalties, and total fines comprised 230 million drams ($604,980
US). ASCPEC Chairman Artak Shaboyan stated during a briefing with
news reporters on Tuesday. In his words, in the past year the number
of such decisions were 30 and the fines were not more than 10-15
million drams ($26,303-39,455).
According to Shaboyan, businesses now appeal the majority of these
decisions, and this trend is especially striking this year, since
the penalties for violating rules of competitiveness have become
substantially severe. And as per Artak Shaboyan, that is why the role
of the judicial system is extremely important.
To note, EU experts and Armenian judges jointly held, in Yerevan
on Tuesday, a seminar discussion devoted to competitiveness in the
judicial system.
Administrative Court of Armenia Judge Argishti Ghazaryan also gave
some clarifications on this matter, and expressed a conviction that
Armenia's judicial system is fairly competent with respect to issues
concerning competitiveness. And with regard to the fact that some court
cases on unfair competition last fairly long-more than 1 year-Ghazaryan
noted that each case requires objective examination, and there is no
such boundary which sets aside the particularity of the case.
news.am
Sept 27 2011
Armenia
YEREVAN. - In the first 9 months of 2011, the Armenian State Commission
for the Protection of Economic Competition (ASCPEC) authorized 87
penalties, and total fines comprised 230 million drams ($604,980
US). ASCPEC Chairman Artak Shaboyan stated during a briefing with
news reporters on Tuesday. In his words, in the past year the number
of such decisions were 30 and the fines were not more than 10-15
million drams ($26,303-39,455).
According to Shaboyan, businesses now appeal the majority of these
decisions, and this trend is especially striking this year, since
the penalties for violating rules of competitiveness have become
substantially severe. And as per Artak Shaboyan, that is why the role
of the judicial system is extremely important.
To note, EU experts and Armenian judges jointly held, in Yerevan
on Tuesday, a seminar discussion devoted to competitiveness in the
judicial system.
Administrative Court of Armenia Judge Argishti Ghazaryan also gave
some clarifications on this matter, and expressed a conviction that
Armenia's judicial system is fairly competent with respect to issues
concerning competitiveness. And with regard to the fact that some court
cases on unfair competition last fairly long-more than 1 year-Ghazaryan
noted that each case requires objective examination, and there is no
such boundary which sets aside the particularity of the case.