A PYMNTS Company

Proposed reforms to Fair Trade Law: increased price-fixing penalty and forgiveness policy

By  |  February 7, 2012

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Two Taiwan Fair Trade Commission officers, Wu Shiow-ming (Chairman) and Lu Ying-shay (Minister) have proposed amendments to the Fair Trade Law. The reforms will (1) raise the maximum fine for price-fixing to 10 percent of the penalized companies’ business revenue of the previous year, and (2) create a forgiveness policy to encourage whistleblowers.

    Source: The China Post

     

    Related content: Marching Through the Next Twenty Years: Recent Developments of the Taiwan Fair Trade Law (Andy Chen, Chung Yuan Christian University)