Competition law prevents monopolistic practices harming consumers, lawyer says
Legal consultant Rabab Al-Muaibi explains the difference between fair and unfair competition, highlighting key provisions of Saudi Arabia’s competition law.
Legal expert Rabab Al-Muaibi clarifies the distinction between fair and unfair competition under Saudi Arabia's Competition Law. In an interview with Al-Ikhbariya Radio, she elaborates on the 28-article law's aim to safeguard and encourage fair competition while countering practices that harm legitimate competition or consumers, ultimately impacting the market and economic development.
Al-Muaibi elaborates that fair competition permits businesses to vie on performance, quality, and pricing, but disallows any conduct, agreements, or contracts aimed at weakening competition. She explains that unfair competition is explicitly defined within the law and encompasses actions that affect product worth, market segmentation, or impede new traders or competitors from entering the market.
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