CHAPTER 6
Anticompetitive Practices§ 1301. Definitions.
§ 1302. Prohibited activities.
§ 1303. Agreements lessening competition; unlawful.
§ 1304. Unlawful agreements void.
§ 1305. Competitive agreements.
§ 1306. Criminal and civil liability of violators.
§ 1301. Definitions.
As used in this Chapter, "person or persons" includes an individual or individuals, corporations, firms, partnerships or any other association existing under or authorized by the law of the State of Chuuk Trust Territory.
Source: TT Code 1980, 33 TTC § 301, modified.
§ 1302. Prohibited activities.
It is illegal for one or more persons
to create or use an existing combination of capital, skill or acts the
effect of which is:
(1) To create or carry out restrictions in trade or commerce.
(2) To limit or reduce the production, or increase the price of, merchandise or of any commodity.
(3) To prevent competition in the manufacture, making transportation, sale, or purchase of any merchandise, produce or commodity.
(4) To fix at any standard or figure whereby its price to the public or consumer shall be in any manner controlled or established, any article or commodity of merchandise, produce or commerce intended for sale, barter, use, or consumption.
(5) To discriminate in price between different purchasers of commodities of like grade and quality, where the effect of such discrimination may be to substantially lessen competition or tend to create a monopoly in any line of commerce; provided, that nothing herein contained shall prevent differentials in price which only make allowance for differences in the cost of manufacture, sale or delivery resulting from the differing methods or quantities in which such commodities are to be purchased, sold and delivered.
(6) To make or enter into or carry out any contract, obligation or agreement by which the persons do any of the following:
(a) Bind themselves not to sell, dispose of or transport any article or commodity below a common standard figure or fixed value.
(b) Agree to keep the price of such article, commodity or transportation at a fixed or graduated figure.
(c) Establish or set the price of any article commodity or transportation between them or themselves and others, so as directly or indirectly to preclude free and unrestricted competition among themselves or any purchaser or consumer in the sale or transportation of any such article or commodity.
(d) Agree to pool, combine or directly or indirectly unite any interest that they may have connected with the sale or transportation of any such article or commodity that might in any way affect its price.
Source: TT Code 1980, 33 TTC § 302.
§ 1303. Agreements
lessening competition; unlawful.
It shall be unlawful for any person to lease or make a sale or contract for the sale of goods, merchandise, machinery, supplies, or commodities for use within the State of Chuuk Trust Territory, or to fix a price charged therefore, or discount from, or rebate upon, such price, on condition, agreement or understanding that the lessee or purchaser thereof shall not use or deal in the goods, merchandise, machinery, supplies, commodities, or services of a competitor or competitors of the lessor or seller, where the effect of such lease, sale or contract for sale, or such condition, agreement or understanding may be to substantially lessen competition or tend to create a monopoly in any line of trade or commerce in any district of the State of Chuuk Trust Territory.
Source: TT Code 1980, 33 TTC § 303, modified.
§ 1304. Unlawful agreements void.
Any contract or agreement in
violation of this Chapter is, to that extent, void and not enforceable at
law or equity.
Source: TT Code 1980, 33 TTC § 304.
§ 1305. Competitive agreements.
It is not unlawful to enter
into agreements or form an association or combination the purposes and
effect of which is to promote, encourage or increase competition in any
trade or industry.
Source: TT Code 1980, 33 TTC § 305.
§ 1306. Criminal and civil
liability of violators.
(1) Any person who violates Section 1302 or 1303 of this Chapter is guilty of a
misdemeanor, and upon conviction thereof shall be punished by a fine of
not less than fifty dollars nor more than five thousand dollars.
(2) Any person who is injured in his business, personal property, or real property by reason of another. s violation of Sections 1302 or 1303 of this Chapter may sue therefor in the Chuuk State Supreme Court trial division high court in the district where the defendant resides or where service may be obtained, and may recover three times the damages sustained by him together with a reasonable attorney's fee and the costs of suit; provided, that the State of Chuuk Trust Territory and any of its political subdivisions and public agencies shall be deemed a person within the meaning of this Section, and may, through the Attorney General or the district attorney, bring an action on behalf of the State of Chuuk Trust Territory, its political subdivisions or public agencies to recover the damages provided by this Section, including a reasonable attorney. s fee together with the costs of the suit.
(3) Upon conviction under this Chapter of a non citizen business, as defined in Chapter 1 of this title, the Governor High Commissioner may revoke such noncitizen's business permit.
Source: TT Code 1980, 33 TTC § 306, modified.