Competition Law at Saint Pierre and Miquelon (France)
Here’s an overview of Competition Law in Saint Pierre and Miquelon (France):
Competition Law in Saint Pierre and Miquelon (French Territory)
1. Legal Framework:
Saint Pierre and Miquelon is a French overseas collectivity.
French law, including French competition law, applies fully to the territory.
French competition law is mainly codified in the French Commercial Code (Code de commerce) and is enforced in accordance with national and European Union principles.
2. Objectives:
To maintain fair competition.
To prohibit anti-competitive agreements and abuse of dominance.
To oversee mergers and acquisitions that may affect competition.
To protect consumers and foster economic efficiency.
3. Regulatory Authority:
The Autorité de la Concurrence (French Competition Authority) enforces competition law.
French judicial courts handle disputes.
EU competition rules also influence enforcement, given France’s EU membership.
4. Key Provisions:
Prohibition of anti-competitive agreements: Such as cartels, price-fixing, and market-sharing.
Abuse of dominant position: Prevents firms with market power from engaging in exclusionary or exploitative conduct.
Merger control: Requires notification and approval for mergers exceeding turnover thresholds.
Sanctions: Can include fines, orders to cease conduct, and damages claims.
5. Application in Saint Pierre and Miquelon:
French competition law applies directly.
Enforcement actions and investigations are generally handled by metropolitan French authorities.
The territory’s small market size can influence the scope and focus of enforcement.
Summary
Saint Pierre and Miquelon is governed by French competition law, overseen by the Autorité de la Concurrence. This legal framework aligns with broader French and EU competition policies to ensure competitive markets in the territory.
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