Asked by Isabella Rapone on Jul 18, 2024
Verified
Describe the scope and powers of the Competition Tribunal to enforce the provisions of the Competition Act.
Competition Tribunal
A specialized tribunal dealing with matters related to competition law, including mergers, monopolistic practices, and other issues that may affect fair competition.
Competition Act
Legislation intended to promote and maintain fair competition in the marketplace.
Enforcement
The act of compelling compliance with a law, rule, or obligation.
- Examine the regulatory authorities and capabilities granted to the Competition Tribunal within the scope of the Competition Act.
- Discuss the regulatory framework governing competitive practices in Canada and its impact on businesses.
Verified Answer
AE
Angeli ExcellentJul 25, 2024
Final Answer :
Scope and Powers of Competition Tribunal:
- proceedings are brought by Commissioner of Competition concerning "reviewable trade practices"
- has power to deal with domestic and certain foreign and specialized matters - authority to issue rectification orders or establish procedures to restore competition in cases of reviewable trade practices and marketing activities
- requirement after an inquiry has been made to hold a hearing to allow all affected parties to be heard
- failure to comply with an order of the tribunal constitutes a criminal offence punishable as such
- appeals from tribunal orders may be made to the Federal Court of Appeal
- proceedings are brought by Commissioner of Competition concerning "reviewable trade practices"
- has power to deal with domestic and certain foreign and specialized matters - authority to issue rectification orders or establish procedures to restore competition in cases of reviewable trade practices and marketing activities
- requirement after an inquiry has been made to hold a hearing to allow all affected parties to be heard
- failure to comply with an order of the tribunal constitutes a criminal offence punishable as such
- appeals from tribunal orders may be made to the Federal Court of Appeal
Learning Objectives
- Examine the regulatory authorities and capabilities granted to the Competition Tribunal within the scope of the Competition Act.
- Discuss the regulatory framework governing competitive practices in Canada and its impact on businesses.