Concept and Different Types of Restrictive Business Practices in the Legal Orders of BRICS Countries (the Case of China, India, Russia and South Africa)

  • Ksenia Michailovna BELIKOVA Peoples Friendship University of Russia (RUDN University), Moscow
  • Natalia Vladimirovna BADAEVA Peoples Friendship University of Russia (RUDN University), Moscow
  • Evgenia Evgenevna FROLOVA Peoples Friendship University of Russia (RUDN University), Moscow
  • Mihail Nikolaevich DUDIN Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow

Abstract

The article represents a research of general approaches of BRICS countries legislation and legal order to counteraction against leading anticompetitive market strategies with regard to legal orders of China, India, Russia and South Africa. Different theoretical and practical approaches regarding establishment of legality or illegality of the agreements able to be considered as restrictive business practice under the law of China, India and South Africa are analyzed. The authors pay attention to current legislation of BRICS countries regarding competition protection with regard to provisions related to ‘horizontal’ and ‘vertical’ restrictions of trade, concerted practices, deceptive conducts and collusions, unfair sales techniques, pricing and selling strategies. It can be argued that our society is interested in the engagement of a population in trade and industrial activity, however, this rule allows exceptions: restrictions of freedom of trade can be justified by exceptional circumstances in certain cases and under certain circumstances.

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Published
2017-08-20
How to Cite
BELIKOVA, Ksenia Michailovna et al. Concept and Different Types of Restrictive Business Practices in the Legal Orders of BRICS Countries (the Case of China, India, Russia and South Africa). Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 2, p. 404 - 410, aug. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1317>. Date accessed: 20 apr. 2024.