Competition Law, prohibited unfair competition (infringement of confidential business information)
Law on Competition (Law No. 23/2018/QH14), art. 45(1)
In force since .
An unfair competition rule binding private bodies.
- Obligation class
- Access restriction, Prohibition
- Audit expectation
- none
What it requires
- Do not access or collect confidential business information by working against the security measures of the person who holds it.
- Do not disclose or use confidential business information without the owner's permission.
These lines are LexLint's reading of the law's text.
If you get it wrong
Penalty structure
Maximum fine under Article 111(3) for a violation of the rules on unfair competition.
- Rule
- Fixed only
- As of
- Currency
- VND
- Fixed cap
- 2,000,000,000
Who enforces it
Enforcement body
The National Competition Commission, an agency under the Ministry of Industry and Trade (art. 46(1)).
What it makes you log
Logging duty
Article 45(1) of the Competition Law lists acts of infringing confidential business information as prohibited unfair competition. It imposes no duty to create, keep, produce or review a log or record, and states no territorial clause.
- Kind
- None
- As of
What this law does
Article 45(1) prohibits, as unfair competition, accessing or collecting confidential business information by working against the information owner's security measures, and disclosing or using it without the owner's permission. Article 111(3) sets the maximum fine for a violation of the rules on unfair competition at VND 2,000,000,000.
When LexLint raises it
When your app profile says your app crawls the web or trains models.
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