Competition Law at Svalbard and Jan Mayen (Norway)
Here’s an overview of Competition Law at Svalbard and Jan Mayen (Norway):
⚖️ Legal Framework
Svalbard and Jan Mayen are territories under Norwegian sovereignty, so Norwegian law applies unless otherwise specified.
Competition law in these territories is governed by the Norwegian Competition Act (Konkurranseloven) which aligns with EU competition principles, despite Norway not being an EU member but part of the EEA.
📜 Key Provisions
Anticompetitive Agreements
Prohibits cartels and agreements that restrict competition, such as price-fixing, market-sharing, or collusion.
Abuse of Dominant Position
Prevents firms from abusing a dominant market position by engaging in unfair pricing or exclusionary tactics.
Merger Control
Mergers and acquisitions that meet certain turnover thresholds require notification and approval by the Norwegian Competition Authority.
🏢 Enforcement Authority
The Norwegian Competition Authority (Konkurransetilsynet) is the national regulator responsible for enforcing competition law across Norway, including Svalbard and Jan Mayen.
It investigates antitrust violations, reviews mergers, and can impose fines or other sanctions.
🌍 Context
Due to the small population and limited market size in Svalbard and Jan Mayen, competition law enforcement may be limited compared to mainland Norway.
However, businesses operating there are still subject to the same competition rules as in mainland Norway.
RELATED Blog
0 comments