An order issued pursuant to the provisions of Article 8-4, paragraph (1) (hereinafter referred to as a "competition restoration order") must be rendered in writing, and the written competition restoration order is to indicate the measures necessary to restore competition with respect to the goods or services involved in the monopolistic situation, and the facts found by the Japan Fair Trade Commission and the application of laws and regulations thereto, and the Chair and Commissioners who attended the meeting pursuant to the provisions of paragraph (1) of the following Article must affix their names and seals thereto.
A competition restoration order is to take effect by serving a copy of the written competition restoration order to the addressee.
競争回復措置命令は、その名宛人に競争回復措置命令書の謄本を送達することによつて、その効力を生ずる。
No competition restoration order can be executed until it becomes final and binding.
競争回復措置命令は、確定しなければ執行することができない。
The provisions of Articles 49 through 60 apply mutatis mutandis to the competition restoration order.
第四十九条から第六十条までの規定は、競争回復措置命令について準用する。
If the Japan Fair Trade Commission intends to make a notification under the provisions of Article 50, paragraph (1), as applied mutatis mutandis pursuant to the preceding paragraph, it must consult with the competent minister for the business operated by the enterprise concerned and hold a public hearing to obtain the opinions of the public.
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enterprise
「事業者」
Anyone who carries on a commercial, industrial, financial or other business; an officer, employee, agent or other person acting for the benefit of an enterprise is also treated as one for the purposes of Article 2, paragraph (2) and Chapter 3 (trade associations).
Defined inArticle 2, paragraph (1)· applies throughout the law
competition
「競争」
The state in which two or more enterprises (事業者), within the normal scope of their business and without significant change to its facilities or form, supply the same or similar goods or services to the same buyers, or are supplied with them by the same suppliers, or could do so.
Defined inArticle 2, paragraph (4)· applies throughout the law
monopolistic situation
「独占的状態」
A situation in a particular field of business where the goods of a kind (with goods closely similar in function and use) or the services supplied in Japan total more than 100 billion yen, after taxes, in a recent one-year period set by Cabinet Order (政令), one enterprise holds more than half of the field or two together hold more than three quarters, new entry is extremely difficult, and prices have for a considerable time risen sharply or barely fallen while the enterprise earns profits far above its industry's standard or spends excessively on selling and general administrative expenses.
Defined inArticle 2, paragraph (7)· applies throughout the law
competition restoration order
「競争回復措置命令」
An order the Japan Fair Trade Commission makes under Article 8-4, paragraph (1) where a monopolistic situation (独占的状態) exists, requiring an enterprise to transfer part of its business or take other measures needed to restore competition.
Short name set inArticle 64, paragraph (1)
Fair Trade Commission
公正取引委員会
The body the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (独占禁止法, the Antimonopoly Act) sets up to achieve that Act's purpose — among other things, to promote fair and free competition by banning private monopolization, unreasonable restraint of trade and unfair trade practices, and so to protect the interests of general consumers and the democratic and sound development of the national economy (Antimonopoly Act, Articles 1 and 27, paragraph (1)). It comes under the Prime Minister's jurisdiction, but its chairperson and four commissioners — appointed by the Prime Minister with the consent of both Houses of the Diet — exercise their authority independently (Articles 27, paragraph (2), 28 and 29). Under the Act against Unjustifiable Premiums and Misleading Representations, businesses and trade associations may, with the approval of both the Prime Minister and the Fair Trade Commission, conclude or set agreements or rules (協定又は規約) on premiums or representations (Article 36, paragraph (1)).
Written by AI using Antimonopoly Act, Arts. 1, 27, 28, 29 and Act against Unjustifiable Premiums and Misleading Representations, Art. 36 as a reference.