Concept and Different Types of Restrictive Business Practices in the Legal Orders of BRICS Countries (The Case of China, India, Russia and South Africa)

Abstract

The articles represents a research of general approaches of BRICS countries legislation and legal order to counteraction against leading anticompetitive market strategies with regard to legal orders of China, India, Russia and South Africa. The author pays particular attention to current legislation of BRICS countries in the field of competition protection with regard to provisions related to “horizontal” and “vertical” restrictions of trade, concerted practices, deceptive conducts and collusions, unfair sales techniques, pricing and selling strategies. This article argues that our society is interested in the engagement of a population in trade and industrial activity. This is the general rule. Nowadays, however, this rule allows exceptions: restrictions of a freedom of trade can be justified by exceptional circumstances in certain cases and under certain circumstances.