GRTU deems competition law proposals ‘positive’
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Proposals presented by the government to restore full powers to the competition watchdog, the Malta Competition and Consumer Affairs Authority, have received the thumbs up by traders who described the move as a “positive” one. The Chamber of Small and MGRTU deems competition law proposals ‘positive’
Proposals presented by the government to restore full powers to the competition watchdog, the Malta Competition and Consumer Affairs Authority, have received the thumbs up by traders who described the move as a “positive” one. The Chamber of Small and Medium Enterprises (GRTU) was reacting when this newspaper sought its view on a set of amendments to the Competition Act which were published for public consultation a few days ago. The changes, which have been in the pipeline for more than two years, were dictated by a landmark Court of Appeal judgment, which in May 2016 ruled that certain provisions of the Competition Act were unconstitutional. Since then the regulator has refrained from imposing any administrative fines, thus rendering itself a toothless watchdog. Under the proposed model the Competition and Consumer Appeals Tribunal will be abolished, and instead decisions made by the regulator could be challenged before the Civil Court (Commercial Section). Asked for her reaction GRTU CEO Abigail Mamo told The Sunday Times of Malta that the proposed revision was a move in the right direction. The proposals seek to harmonise the role of the civil court and that of the Malta... Read more