Competition Law

1. Pursuant to a decision by the Board, and the nomination of the Chairman, a committee shall be formed comprising five experts—three of whom shall be legal specialists—for a renewable term of three years. Said Committee shall adjudicate violations of this Law and its Regulations, except for the violations referred to in Article 12(1) and Article 24, and shall impose the penalties provided for in this Law. The decision shall designate the Committee's chairman from among its legal specialists. Committee decisions shall be passed by majority vote and shall be reasoned. The Regulations shall determine the Committee's work procedures. 2. If the seat of a Committee member becomes vacant, another member may be appointed to fill his seat for the remainder of the Committee's term. 3. Committee decisions may be appealed before the competent court within 30 days from the date of the violator's notification. If the decision is overturned, the competent court shall review the violation and impose the appropriate penalty in accordance with the provisions of this Law.