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

By  |  February 7, 2012

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)