International Competition Network (ICN)

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About International Competition Network (ICN)

The concept for the ICN originated out of recommendations made by the International Competition Policy Advisory Committee (ICPAC), a group formed in 1997.
It was established in October 2001 by officials of 15 competition agencies from around the world.
The steering committee is the ICN’s apex body.
The ICN, comprising 140 competition agencies, typically provides antitrust authorities with a specialised, yet informal, venue for maintaining regular contacts and addressing practical competition concerns.
The Steering Group members shall elect a Chair from among Steering Group representatives at the ICN Annual Conference in odd-numbered years.
It is the only global body devoted exclusively to competition law enforcement and its members represent national and multinational competition authorities.
It has no formal Secretariat or premises.

Key facts about CCI

It is a statutory body of the Government of India, was established in March 2009 under the Competition Act, 2002.
The goal of CCI is to create and sustain fair competition in the economy that will provide a ‘level playing field’ to the producers and make the markets work for the welfare of consumers.
Composition:
- It has the composition of a quasi-judicial body, with one chairperson and six additional members.
- All members of the CCI are appointed by the Central Government.
Headquarters: New Delhi.

Q1) What is a quasi-judicial body?

It is an entity or organization that possesses certain powers and functions typically associated with a judicial system, such as the authority to make decisions, resolve disputes, and administer justice in specific areas or within a particular domain. But they do not have all the attributes of a traditional court, such as a complete separation of powers, a comprehensive legal process, or the ability to hear all types of cases.

Source: CCI becomes member of International Competition Network’s steering group