Competition law in Pakistan is enforced under Competition Act 2010. Public enforcement involves investigations by public bodies, principally the Competition Commission of Pakistan. Investigations can be civil or criminal in nature and CCP have the power to levy substantial fines against a company, which infringes competition law.
The criminal cartel offence applies to an individual who agrees to create or participate in arrangements involving price fixing, market/customer sharing, bid-rigging or output limitation (cartel behavior). Individuals found guilty of an offence can face imprisonment, unlimited financial penalties and disqualification as director.
Private enforcement refers to actions for damages taken by companies or individuals who suffer a loss as a result of breaches of competition law. These claims can either follow a decision of the CCP or be independent of such an investigation (“stand-alone” claims).
Imam And Associates boasts one of the Pakistan’s leading competition and cartels teams. We have acted in various cartel investigation in recent years and regularly represent claimants and defendants in either follow-on or stand-alone claims. Our clients include national and multi-national companies, directors and senior executives from across a wide range of sectors including: airlines, construction, technology, food and drink; automotive and manufacturing.