Competition Law at Guam (US)
Got it! Here’s an overview of Competition Law in Guam (a U.S. territory):
Competition Law in Guam (U.S. Territory)
Since Guam is an unincorporated territory of the United States, its competition law framework is largely influenced by U.S. federal antitrust laws. There is no separate, distinct competition law exclusive to Guam; instead, U.S. antitrust laws apply directly. These include:
Key Legal Framework
Sherman Antitrust Act (1890)
Prohibits monopolistic behavior and conspiracies that restrain trade or commerce.
Clayton Act (1914)
Addresses specific practices such as mergers and acquisitions that may substantially lessen competition or create monopolies.
Federal Trade Commission Act (1914)
Establishes the Federal Trade Commission (FTC), which enforces laws against unfair competition and deceptive practices.
Enforcement Authorities Relevant to Guam
Federal Trade Commission (FTC)
Enforces federal antitrust laws, including in U.S. territories like Guam.
U.S. Department of Justice (DOJ) Antitrust Division
Investigates and prosecutes violations of antitrust laws, including criminal cartel enforcement.
Local Government Role
Guam has its own Department of Commerce and Bureau of Statistics and Plans, but they do not have separate competition enforcement authorities like a competition commission.
Practical Implications
Businesses operating in Guam are subject to U.S. federal antitrust laws, just like in any other U.S. state or territory.
Any anti-competitive conduct such as price-fixing, monopolization, bid-rigging, or anti-competitive mergers can be investigated and prosecuted under U.S. law.
Guam’s courts apply federal antitrust laws, and local businesses must comply with these regulations.
Summary
| Aspect | Details |
|---|---|
| Governing Law | U.S. Federal Antitrust Laws |
| Local Enforcement Agency | None specific to competition; federal agencies apply |
| Key Acts | Sherman Act, Clayton Act, FTC Act |
| Regional Cooperation | Subject to U.S. federal jurisdiction |
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