act against restraint of competition
- The German "Act Against Restraints of Competition" (GWB)was enacted in 1957 and enter into force on Jan.1, 1958.
- Act against Restraints of Competition (ARC)
- Authorisation may be granted only if the scope of the restraint of competition does not jeopardize the market economy system.
- The firm has to fight off a lot of competition to win the contract.