LAW OF THE REPUBLIC OF ARMENIA

of March 23, 2007 No. ZR-107

About entering of amendments and changes into the Law of the Republic of Armenia "About protection of the economic competition"

Accepted by National Assembly of the Republic of Armenia on February 22, 2007

Article 1. Article 1 of the Law of the Republic of Armenia "About protection of the economic competition" (ZR-112 of November 6, 2000) after the word "encourage" to add with the word "free".

Article 2. To state parts 1 and 2 of article 2 of the Law in the following edition:

"1. This Law extends to purposeful actions or behavior of business entities, state bodies and local government bodies, and also officials who bring or can lead to restriction, prohibition of the economic competition or the act of unfair competition except for provided by the law of cases and also causing damage to consumer interests.

2. This Law does not extend to the relations concerning the intellectual property right unless these rights are used for the purpose of the prevention, restriction or prohibition of the competition.".

Article 3. State the article 4 Law in the following edition:

"Article 4. Basic concepts

1. The basic concepts used in this Law are:

The economic competition or the competition – the economic activity aimed at providing more favorable conditions for realization or purchase of goods as a result of which possibilities of unilateral impact of each of competitors on general terms of commodity turnover in this goods market are objectively limited,

goods – object of the civil law, including, property, work, services (including, financial) which are provided for realization,

interchangeable goods – goods which can be compared on functional purpose, high-quality, technical, price or other qualities so that the acquirer replaces or is ready to replace them with each other,

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