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Home ServiceFAQsConcerted ActionsWhat are the penalties for enterprises engaging in concerted actions in violation of the Fair Trade Act?
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2. What are the penalties for enterprises engaging in concerted actions in violation of the Fair Trade Act?

A2:
 
According to Article 40 of the Fair Trade Act, the Fair Trade Commission may order any enterprise that violates regulations against concerted actions set forth in the Fair Trade Act to cease or rectify its conduct or take necessary corrective measures within a given period and at the same time impose on the enterprise an administrative fine between NT$100,000 and NT$50 million. If such an enterprise fails to cease or rectify its conduct or take necessary corrective measures within the period given, the Fair Trade Commission may continue to order it to cease or rectify its conduct or take necessary corrective measures within a given period and also impose an administrative fine between NT$200,000 and NT$100 million each time until it ceases or rectifies its conduct or takes necessary corrective measures.
 
As stated in Article 34 of the Fair Trade Act, if any enterprise is ordered according to the Fair Trade Act to cease or rectify its conduct, or take necessary corrective measures within the time prescribed in the order but fails to do so or engages in the same illegal practice again after ceasing the conduct, the actor may be given a prison term of up to three years or detention or a fine up to NT$100 million, or both.

Relevant article(s) of law: Fair Trade Act, Articles 34, and 40

Updated at:2020-04-09 14:08:06
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