International Experience in Applying Competition Law to Privatization Auctions Studied
The Competition Policy and Consumer Rights Research Center studied international experience in applying competition law to privatization auctions.
The analysis shows that privatization is not merely the process of selling state assets. The key issue is to preserve healthy competition in the market following the auction and prevent the emergence of new monopolies.
The practices of the OECD, Australia, the United States, the United Kingdom, Japan, Germany, and Brazil place particular emphasis on mechanisms such as ex-ante competition analysis, transparent auctions, equal access, anti-collusion controls, and post-auction monitoring.
Based on the study, proposals relevant to national practice were put forward, including no-collusion declarations, automated monitoring of electronic auctions, ex-ante assessment of high-risk transactions, and post-auction monitoring.
