New rules on competition for Curacao
By Peter van Dort – Partner Liance Law Firm (September 1, 2017)
As of September 1, 2017, new rules on competition apply on Curacao. The purpose of these rules, which are for the most part copied from the European rules on competition, is to prevent competition between so-called undertakings from being distorted or restricted by arrangements between businesses or abuse by strong undertakings of their dominant position. Under certain circumstances, these rules on competition also apply to non-profit organizations and even governments.
A market determined by unrestricted competition offers opportunities for businesses and increases consumer welfare. However, the rules on competition also provide for challenges since undertakings and their principals are responsible for compliance with these rules as well. Non-compliance can result in very high penalties. Liance Law has in-depth knowledge of these rules. Liance Law advises and supports businesses across the spectrum of competition law and acts as your strategic sparring partner. Liance Law developed a so-called ‘Competition Scan’, which indicates, among other things, an organization’s position within the relevant market.
If you have questions or want to know how these new rules can affect your business, please feel free to contact Peter van Dort via firstname.lastname@example.org or +5999 5133 678.