Chun-yih Cheng In the December 2011/January 2012 issue of IFLR, the author's reported that Taiwan's Fair Trade Act was amended to increase administrative fines on material abuse of monopoly powers and material illegal cartel up to 10% of the offender's annual turnover in the preceding fiscal year. The Fair Trade Act mandates the competition authority, the Fair Trade Commission, to promulgate the criteria of the calculation of annual turnover of the preceding fiscal year, the determination of materiality, and the computation of administrative fines. Based on this mandate, the Rules for the Calculation of Administrative Fines on the Material Breach of Article 10 and Article 14 of the Fair Trade Act were released in April 2012 by the Fair Trade Commission (the Rules).
April 30 2012