Chapter 6 outlines key legal frameworks in Cambodia for consumer protection, competition, and e-commerce. The Law on Consumer Protection (LCP) emphasizes fairness in trade practices and safeguards consumer rights. It allows consumers to access information, choose competitively priced products, and seek compensation. Businesses must avoid unfair practices like misleading advertisements or false product claims. Significant penalties, including fines and imprisonment, are imposed for non-compliance.
The Law on Competition (2021) aims to promote a fair market economy by regulating business practices that may restrict or distort competition. Prohibited activities include price fixing, geographic market allocations, and abuse of dominant market positions. The Cambodia Competition Commission (CCC) oversees enforcement, including regulating business mergers and combinations that could limit competition.
Finally, the Law on E-Commerce (2020) establishes guidelines for conducting digital transactions and ensures legal certainty in electronic communications. It requires businesses to obtain licenses for online services and maintain transparency in their operations. Penalties for violations include fines, business suspensions, and imprisonment. Companies engaging in Cambodia's digital economy must comply with these laws to ensure smooth operations and mitigate legal risks.
CONTENTS
|
Click here for a sample
Physical and Digital book
Ready to protect your business from costly legal pitfalls? Don’t leave your company’s compliance to chance. Get your hands on our comprehensive Legal Guide: Doing Business in Cambodia today! Whether you prefer the convenience of a soft copy or the feel of a physical book, we’ve got you covered. Visit PBC or Monument Bookstores to purchase your physical copy or buy the digital version online and ensure your business is fully compliant with Cambodia's laws. Secure your copy now and lead your business with confidence!