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Chapter 8

Government Controls

Competition and Antitrust Laws

Under the Commercial Code, unfair competition is defined as behavior which is contrary to standard competition practices and which may be detrimental to other competitors or consumers.

In particular, the following activities are seen as being unfair competition:

deceptive advertising misleading descriptions of goods and services, misrepresentation parasitic exploitation of competitor's reputation, products or services (e.g., it is unacceptable to advertise a product by describing it as being "the same as the products of company x") bribery, defamation violation of business secrets, and endangering consumer health or the environment.

Other forms of unlawful restrictions of competition and business are covered by law. Neither legal entities nor individuals may

enter into agreements restricting competition abuse a dominant position in the market proceed with the creation of a so-called 'concentration' without the consent of the Antimonopoly Authorities.

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©2010 KPMG Slovensko spol. s r.o. , a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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