From ‘Relevant’ To ‘Global’ Turnover: Examining The Basis Of Penalty Under The Competition (Amendment) Act, 2023
Introduction The Competition Act[1] describes ‘turnover’ as the ‘value of sale of goods or services’. Associated with this provision, is the provision specifying the penalty[2] for anti-competitive agreements,[3] which until recently, did not specify whether this ‘turnover’ was to be based on total/global turnover (derived from all the products and services by an enterprise)[4] or … Continue reading From ‘Relevant’ To ‘Global’ Turnover: Examining The Basis Of Penalty Under The Competition (Amendment) Act, 2023
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